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

Aug. 29, 2013 12:44 PM ETExxon Mobil Corporation (XOM) StockXLU, RRC, XLE, VLO, COP, BP, XOM, TTE, CVX, SHEL, ALJ, CNX, WNR, ANDV, MPC, DINO, PSXBy: Carl Surran, SA News Editor1 Comment
  • 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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