Updated with recent futures and stock-price information.
Oil continued its free fall on Monday, plunging into $63 territory earlier. Light, sweet crude for August delivery was down $2.55 to $64.18 on the New York Mercantile Exchange. The price fell as low as $63.40 earlier with several reports pointing to economic uncertainty as the culprit. The contract settled at $66.73 last Thursday after losing $2.58 following the release of less-than-stellar unemployment figures. Markets were closed on Friday in observance of Independence Day in the U.S. On Thursday, many of the biggest oil and energy stocks took a hit and continued tracking in the red just after the opening bell this morning. Hess(HES Quote), which lost 6.5% on Thursday, was down another 3.7% on Monday morning. Marathon Oil(MRO Quote) was down 4.1% just after the opening bell. ConocoPhillips(COP Quote), Exxon Mobil(XOM Quote) and Chevron(CVX Quote) all languished in the early morning, losing 2.4%, 2.7% and 2.2%, respectively.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
78.36
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |














