Markets
COP

Sector Update: Energy Stocks Mixed; February Crude Logs Modest Gains

NYMEX Benchmark Crude February: (+$0.04) to $97.28

Top Energy Stocks

XOM: +0.7%

CVX: +0.9%

COP: +0.5%

SLB: -1.9%

OXY: -0.4%

Energy stocks are mixed as WTI Crude Oil is up 0.1% at $97.22 and Brent Crude is down 0.02% at $107.03.

Shares of ConocoPhillips ( COP ) have turned positive as the oil firm provided further details about the compensation and environmental funds that have been established in response to two separate accidents in Bohai Bay, China.

The Bohai Bay Compensation Fund will provide compensation for any damages caused by the June 2011 accidents that occurred at the Peng Lai 19-3 field in Bohai Bay. The fund will be independently administered and will provide compensation to affected people, communities and industries near Bohai Bay.

The separate environmental fund will support research, restoration and other initiatives that enhance the marine environment and bring long-term benefit to the bay environment and its nearby communities.

COP shares were down at a day low $69.74, but are now up at $70.12.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

COP

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More