Crude Oil Finds Footing

Stock quotes in this article: RIG , GSF , XOM , COP , CVX  

Meanwhile, energy stocks were mostly lower. The CBOE Oil Index was down 1.5% at 740.34. ConocoPhillips (COP Quote) fell 1.1% to $79.89, Chevron (CVX Quote) was down 1.7% at $83.72, and Exxon Mobil(XOM Quote) slid 1.8% to $84.31.

Offshore driller Transocean (RIG Quote) reported that its second-quarter earnings more than doubled from the same period a year ago. However, its stock was trading 2.1% lower at $103.35.

Transocean merger partner GlobalSantaFe (GSF Quote) announced second-quarter earnings of $1.60 a share, compared with $1.01 a share a year earlier. Its shares were down 2.2% at $68.79.

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