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NEW YORK, Dec 10- U.S. stocks extended their declines on Wednesday afternoon, with all three major indexes down more than 1 percent each as the energy sector resumed its recent slide along with oil prices. Selling picked up in early afternoon, with declining issues outnumbering advancing ones on the NYSE by 2,450 to 613, for a 4.00- to-1 ratio.
NEW YORK, Dec 10- U.S. stocks extended their declines in afternoon trading on Wednesday as the energy sector resumed its recent slide along with oil prices. Exxon Mobil, down 3.2 percent, led declines on the S&P 500.. "Oil seems to be the one theme that has more control over the direction of the market and the degree that volatility emerges than any other theme right now,"...
BP PLC fell$. 83 or 2.2 percent, to $37.69. ConocoPhillips fell $1.60 or 2.5 percent, to $63.36. Exxon Mobil Corp. fell $2.71 or 3.0 percent, to $88.67.
Some of Wednesday's midday movers:
OPEC on Wednesday slashed its estimate of how much crude oil it will need to produce next year. And the Energy Department on Wednesday reported a surprise increase in U.S. crude supplies. Benchmark U.S. crude slumped 4 percent Wednesday, or $2.60, to $61.23 a barrel.
BP PLC fell$. 69 or 1.8 percent, to $37.83. ConocoPhillips fell $1.72 or 2.6 percent, to $63.24. Exxon Mobil Corp. fell $2.05 or 2.2 percent, to $89.33.
Chevron and Exxon Mobil fell the most of the 30 stocks in the Dow Jones industrial average in midday trading Wednesday. The price of crude oil sank $3.15, or 5 percent, to $60.68 a barrel in New York. Oil dropped on reports that OPEC had slashed its estimate of how much crude it will need to produce next year due to rising supplies from other producers.
BP PLC fell$. 35 or. 9 percent, to $38.52. ConocoPhillips fell$. 07 or. 1 percent, to $64.96. Exxon Mobil Corp. fell$. 32 or. 3 percent, to $91.38.
BP PLC fell$. 65 or 1.7 percent, to $38.22. ConocoPhillips fell $1.14 or 1.8 percent, to $63.89. Exxon Mobil Corp. fell$. 59 or. 6 percent, to $91.11.
NEW YORK— North America, once a sponge that sucked in a significant portion of the world's oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast. And the amount of natural gas found in recent years in the U.S. and elsewhere in North America will be enough...
BP PLC rose$. 10 or. 3 percent, to $38.97. ConocoPhillips rose$. 98 or 1.5 percent, to $66.01. Exxon Mobil Corp. fell$. 04 or percent, to $91.66.
NEW DELHI/ MOSCOW, Dec 9- India and Russia will strike an energy partnership when Prime Minister Narendra hosts President Vladimir Putin on Thursday to prepare the way for two Siberian oil deals and chart a route for a first pipeline between the two countries. Russia, isolated by the West over its annexation of Crimea and backing of an armed uprising in eastern...
BP PLC fell $1.11 or 2.8 percent, to $38.87. ConocoPhillips fell $2.82 or 4.2 percent, to $65.03. Exxon Mobil Corp. fell $2.12 or 2.3 percent, to $91.70.
U.S. stocks fell on Monday as oil prices turned sharply lower and spooked investors into dumping shares of drillers and other energy-service companies. Chevron dropped 3.7 percent and Exxon Mobil lost 2.3 percent. The Dow Jones industrial average lost 106.31 points, or 0.6 percent, to 17,852.48.
NEW YORK, Dec 8- The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil's slump to a five-year low caused a selloff in energy shares. Data showed China's exports grew at a slower-than-expected pace and imports dropped in November, while Japan's economy shrank more than expected in the third quarter. Leading the decline, shares of Exxon...
Stocks declined Monday as trade numbers from China came in below expectations and oil companies were knocked by the falling price of crude.
NEW YORK— Stocks are closing lower, led by a slump in energy stocks after the price of crude oil sank again. Exxon Mobil and Chevron were among the biggest decliners in the Dow Jones industrial average Monday. Benchmark crude oil dropped $2.79, or 4 percent, to $63.05 a barrel in New York, its lowest price in five years.
BP PLC fell$. 94 or 2.4 percent, to $39.04. ConocoPhillips fell $2.24 or 3.3 percent, to $65.61. Exxon Mobil Corp. fell $1.82 or 1.9 percent, to $92.00.
Some of Monday's midday movers:
BP PLC fell$. 76 or 1.9 percent, to $39.22. ConocoPhillips fell $1.58 or 2.3 percent, to $66.27. Exxon Mobil Corp. fell$. 98 or 1.0 percent, to $92.84.