"The period from late February through March is a lull period for energy markets," Palmisano says. "I don't see any impetus for breaking out of recent ranges. It won't be until April or May that we'll see more action in the markets."
Energy stocks mostly advanced from their closing positions Wednesday. However, the iPath Goldman Sachs Crude Oil (OIL Quote) was 10 cents lower at $36.50. Ferris Baker Watts upgraded the stock of oil and gas independent Ram Energy Resources (RAME Quote) from neutral to buy and increased the company's price target to $6. Ram Energy's stock was up 4.5% at $4.52. Oil majors Exxon Mobil (XOM Quote), Royal Dutch Shell (RDS.A Quote) and ConocoPhillips (COP Quote) finished the day fractionally stronger.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
|
|
UP
126.74
|
UP
13.23
|
UP
31.21
|
UP
0.74
|
10 Yr
3.28%
SPDR Gold
117.38
|
|
+1.23%
|
+1.21%
|
+1.46%
|
+2.31%
|
Data delayed 20 minutes |
