â¿¿ Wholesale gasoline futures dropped 6 cents to $2.57 per gallon.â¿¿ Heating oil fell 9 cents to $2.95 per gallon. â¿¿ Natural gas dropped 14.5 cents to $3.55 per 1,000 cubic feet.
Bill Barrett, Denbury, Hess, Marathon, Oasis and Whiting could feel the gyrations in the markets the most given their higher oil composition.
Some of these have now run too far, too fast.
The U.S. Department of Energy agency said crude stockpiles fell by 600,000 barrels, which was enough for a blip on the radar but not enough to keep these players up.
EOG Resources' purchase of Yates Petroleum: Are they sure about that?