Oil Winners & Losers
NEW YORK -- Shares of oil companies rose on Friday along with the broader market after crude prices rebounded from an earlier slide.
Crude oil prices rose 70 cents, or 1.4%, to $50.10 on Friday, a day after prices crossed below the $50 threshold and hit the lowest point since March 2005. Crude prices have tumbled, shedding two-thirds of its value since July.
Shares of Exxon Mobil (XOM Quote), the world's largest publicly traded oil company, rose $7.30, or 10.66%, to $75.81. Shares of Marathon Oil (MRO Quote) gained $2.94, or 15.02%, to $22.52.
This could be the cautious start of an upswing for oil companies, said Fadel Gheit, an analyst with Oppenheimer & Co., in a phone interview. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |


Connect with TheStreet