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Oil Slips and Falls
Stocks across the oil segment nosedived on Monday after crude oil prices plunged below $90 a barrel at the New York Mercantile Exchange (NYMEX). While oil machines, services and drilling provider Parker Drilling (PKD - Snapshot Report) was down a whopping 14.24%, its counterparts in the exploration and production (E&P) space also registered significant losses. Encore Energy Partners (ENP - Snapshot Report) is down 21.80%, Pengrowth Energy (PGH - Snapshot Report) is also in a tight corner with a loss of 18.15%. Pipeline companies like El Paso (EPB - Snapshot Report), Oneok Partners (OKS - Snapshot Report) and Williams Partners (WPZ - Snapshot Report) are all down more than 10% since the morning.
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| Market Summary | Nov 26, 2009 01:19 am ET |
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