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Tag Archives: energy sector

Energy sector movers, losers and news: crude prices improve, no production freeze necessary.

Last week major oil producers met in Doha, Qatar to discuss an oil production freeze. Again, no agreement could be reached and crude prices temporarily suffered. But, today WTI opened at $43.42 per barrel, 7.6 percent higher than last week when it closed Friday at $40.36 per barrel. Market Movers Shares of NGL Energy Partners LP (NYSE: NGL) gained 50 ...

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Energy sector movers, losers, and news: Investors cheer while employees mourn big layoffs

crude prices rise

This week major companies including Whiting, Marathon, and Halliburton announced restructuring and layoffs that have caused stock prices to increase. Whiting Petroleum Corp. (NYSE: WLL) opened Friday Feb. 26 at $3.53 per share and is up 11 percent today, trading at $3.92 after closing at its low yesterday. Whiting announced plans to freeze new fracking and well completions effective April ...

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US stocks open lower; energy sector sinks along with oil

US stocks open lower; energy sector sinks along with oil

U.S. stocks moved broadly lower in early trading Monday, putting the market on track for its second sizeable loss in a row. Technology, financial and energy stocks were among the biggest decliners. The slide followed steep drops in Europe. Crude oil prices slumped again. KEEPING SCORE: The Dow Jones industrial average fell 309 points, or 1.9 percent, to 15,903 as ...

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