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NEW YORK (AP) — Shares of oil and gas companies slid in Monday trading along with crude oil prices and the broader market, but one analyst forecast a hearty rebound for the sector.
The price of oil dipped 84 cents to $58.95 on Monday, a minor dent to its 22 percent gain over the past three weeks. From about a week ago natural gas prices climbed 27 percent to $4.29. All major stock indices were down in early afternoon trading.
Goldman Sachs analyst Brian Singer on Monday upgraded a litany of companies in the oil and gas sector based on expectations of oil price recovery and shale gas growth over the next three to six months. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
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