Eric Rosenbaum. >To follow the writer on Twitter, go to Eric Rosenbaum. Follow TheStreet on Twitter and become a fan on Facebook. BP ( BP)
Cobalt Energy's (CIE) proposed sale of two oil blocks in Angola to the country's state oil company was terminated on Tuesday.
Oil prices were down Monday on growing concern over a global oversupply, weighing on Cobalt Energy (CIE) stock.