Energy Shares Hit On Crude Prices, Weak Stocks, Obama Budget - CNNMoney.com

By
Viraj
on February 27, 2009 9:59 PM | | TrackBacks (0)
Weakness in the broad market, a retreat in crude-oil prices and evenprovisions contained in the Obama administration's budget blueprint weighed onenergy stocks Friday.

Information about auto components Original Equipment Manufacturer auto diesel tanks, oil tanks and exhaust systems

The Amex Natural Gas Index (XNG) surrendered 3.3% to 324 in the early going --though it has since pared its losses -- while the Amex Oil Index (XOI) fell 3%to 821 and the Philadelphia Oil Service Index (OSXX) gave up 2.5% to 118. In energy trading, crude prices fell $2.24 to $42.98 a barrel, pulling backfrom one-month highs set earlier this week.

Full Story: Energy Shares Hit On Crude Prices, Weak Stocks, Obama Budget - CNNMoney.com

0 TrackBacks

Listed below are links to blogs that reference this entry: Energy Shares Hit On Crude Prices, Weak Stocks, Obama Budget - CNNMoney.com.

TrackBack URL for this entry: http://www.auto-fueltanks.com/cgi-bin/mt/mt-tb.cgi/4789

Search

About this Entry

This page contains a single entry by Viraj published on February 27, 2009 9:59 PM.

Analysis: oil, gas deals give Russia long-term win - Forbes was the previous entry in this blog.

Reliance, RPL set to merge - Economic Times is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.