<< Read Full Article
<< Read Full Article
Exchange-traded funds tracking oil were some of the worst performers this week as a surging U.S. dollar sharply pulled down oil prices following a days-long tear into record territory.
Oil started the week off with a bang after news broke that Nigerian militants had attacked two oil pipelines, but the crude rally cooled after the greenback staged a big recovery Thursday. Futures took back a great deal of those losses Friday as fresh supply worries cropped up, but oil-related stocks ended up beaten down for the week.
Oil Services HOLDRs (OIH Quote) slid 3% for the week, the PowerShares Dynamic Oil & Gas Services (PXJ Quote) fund was down 1.7%, and the iShares Dow Jones U.S. Energy (IYE Quote) declined 0.8%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet