Oil Dips Below $72 a Barrel

Stock quotes in this article: COP , XOM , MRO , KMPRIG , CHK  

Meanwhile, energy stocks were hammered in Thursday's trading session. The CBOE Oil Indexslid 2.6% to 724.41. ConocoPhillips (COP Quote) lost 2.6% of its value, closing at $78.57. Exxon Mobil(XOM Quote) fell 3.1% to $84.79.

Among ratings changes, Lehman Brothers upgraded Marathon Oil (MRO Quote) to overweight from equal weight. However, shares of Marathon dropped 4.2% to $49.86.

Kinder Morgan Energy Partners (KMP Quote) was upgraded by Sanders Morris Harris to buy from neutral. The stock is down 2.7% at $49.74.

Transocean (RIG Quote) was upgraded by Matrix Research to strong buy from buy. Shares fell 2.1% to $101.42.

Chesapeake Energy (CHK Quote) was downgraded by Wachovia to market perform from outperform, lowering its shares 3.9% to $34.06.

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,256.57 1,094.42 2,163.95 34.61
Oil *
76.28
DOWN
34.69
DOWN
4.09
DOWN
2.95
DOWN
0.13
10 Yr
3.46%
SPDR Gold
108.75
-0.34%
-0.37%
-0.14%
-0.37%
Data delayed 20 minutes

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