Crude Oil Breaks 10-Day Win Streak - TheStreet

Crude Oil Breaks 10-Day Win Streak

Crude oil for February delivery lost 52 cents to close at $82.66 a barrel, breaking a 10-day winning streak.
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NEW YORK (TheStreet) -- Crude oil futures broke a 10-day winning streak, settling under $83 a barrel as investors took profits on Thursday.

A stronger U.S. dollar pressured energy prices after a lower-than-expected rise in

initial jobless claims lifted hopes that the Labor Department's

December jobs report

would show tapering job losses -- a key sign that the U.S. economic recovery is on track.

The crude oil contract for February delivery shed 52 cents, or 0.6%, to settle at $82.66 a barrel.

The dollar index, meanwhile, showed the greenback up 0.6% against a basket of foreign currencies.

Shares across the oil sector weakened alongside crude futures. The NYSE Arca Oil index was off by 0.1% and shares of integrated oil companies were lower across the board at the close of trading on Thursday.

Exxon Mobil

(XOM) - Get Report

closed down by 22 cents, or 0.3%, at $69.80;

Chevron

(CVX) - Get Report

lost 30 cents, or 0.4%, to $79.33; and

ConocoPhillips

(COP) - Get Report

shed 21 cents, or 0.4%, to $52.80. The

United States Oil Fund

(USO) - Get Report

ETF finished down by 25 cents or 0.6%, at $40.72.

Shares of refiners fared slightly better. The Philadelphia Oil Service Sector was up 0.01%.

BJ Services

(BJS)

,

Baker Hughes

(BHI)

and

Superior Well Services

(SWSI)

were all higher at the close by 0.5%, 0.7% and 5%, respectively.

Natural gas futures for February delivery shed 20 cents, or 3.4%, to settle at $5.81 per million British thermal units even after the Energy Information Administration said natural gas inventories declined by 153 billion cubic feet last week, which was in line with analysts' estimates.

Shares of natural gas companies ended the trading session mixed.

Chesapeake Energy

(CHK) - Get Report

shares were up by 7 cents, or 0.2%, at $28.72 at the close while

Devon Energy

(DVN) - Get Report

and

Anadarko Petroleum

(APC) - Get Report

closed lower by 0.6% and 0.2%.

Elsewhere on the Nymex, heating oil for February delivery lost nearly 2 cents to settle at $2.18 a gallon and the February reformulated gasoline contract shed nearly one penny to finish at $2.13 a gallon.

--Written by Melinda Peer in New York

.