Seeking Alpha

Energy stocks slide after two-day rally as oil prices drop

With strikes on Syria no sure thing now, oil prices have fallen nearly 1% and taken oil stocks with them; in fact, energy (XLE -0.6%) and utilities (XLU -0.7%) are the only S&P sectors in the red.

Among global producers: XOM -1.2%, CVX -0.7%, COP -0.6%, RDS.A -0.6%, BP -0.9%, TOT -1.6%.

Notable decliners: CNX -2.4%, RRC -2.1%.

Refiners are among energy stocks bucking the sector's downward trend: VLO +0.7%, TSO +0.9%, PSX +0.6%, MPC +0.8%, WNR +1.5%, HFC +2.3%, ALJ +2.9%.

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Comments (1)
  • smurf
    , contributor
    Comments (5039) | Send Message
    Good....I wanna buy RDS-B in the 66s, which looks to be their downside support level.
    29 Aug 2013, 03:24 PM Reply Like
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