Crude prices took a break from their recent ascent Tuesday, declining in New York after Goldman Sachs said it would advise taking profits.
Oil ended the last session at a record price above $93 a barrel, the latest in a string of new all-time highs. Recently, though, crude for December delivery was down $1.86 to $91.67. At the same time, reformulated gasoline was losing 3 cents to $2.30 a gallon, and heating oil was weaker by 1 cent to $2.45 a gallon. Natural gas went against the trend and rose 12 cents to $8.09 per million British thermal units. Stocks in the energy sector were sharply lower. The Philadelphia Stock Exchange Oil Service Sector Index was dropping 2.5%, and the Amex Oil Index was slumping 2.4%. Oil-services firms Halliburton (HAL Quote) and Schlumberger (SLB Quote) both lost more than 2%, as did refiner Valero (VLO Quote). Integrated majors ConocoPhillips (COP Quote) and Exxon Mobil (XOM Quote) were down 1.7% and 1.9%, respectively, and Chevron (CVX Quote) gave back nearly 3%.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
|
10 Yr
3.33%
SPDR Gold
111.63
|
|
+1.33%
|
+1.45%
|
+1.38%
|
-2.86%
|
Data delayed 20 minutes |














