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Another week, another chance to see if oil prices will bounce back. Ahead of a week filled with earnings reports, housing numbers, and oil inventory data, oil futures spent much of early Monday hanging in the mid-$59 area.
Most recently, light, sweet crude for August delivery was up 5 cents at $59.94 in electronic trading on the New York Mercantile Exchange. Earlier Monday, the contract broke below the $59 barrier to as low as $58.88. On Friday, the price settled at $59.89 after slipping 52 cents.
On Friday, many of the big oil and energy stocks lost ground. Exxon Mobil(XOM Quote) fell 1.3%, or 85 cents, to close the day at $65.12. ...
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 |
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