Thursday, December 23, 2010

US Markets...Energy stocks hammer out more gains

Shares of petroleum producers and refiners on Wednesday crested to a new high mark for 2010, moving deeper into territory not seen since 2008, on bullish supply data, as oil stabilized above the $90-a-barrel mark.
The Energy Information Administration reported a drop of 5.3 million barrels in the past week, steeper than the estimate of 2.3 million barrels in a survey of analysts by Dow Jones Newswires. Gasoline inventories rose 2.4 million barrels verses the forecast for a gain of 900,000 barrels.
Crude futures rose to above $90 a barrel.

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:11,559.49
Trade Time:4:02PM EST
Change:Up 26.33 (0.23%)
Prev Close:11,533.16
Day's Range:11,528.08 -11,566.99
52wk Range:9,596.04 - 11,601.00

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