Energy Shares Extend Skid
Aug.03, 2011
NEW YORK (TheStreet) — Energy stocks were on pace for a ninth-straight negative trading day on Wednesday, in step with the Dow Jones Industrial Average’s losing streak.
The selling pressure came as oil prices continued to act like gold, uncertainty surrounded automobile manufacturers and the broad market continued to weaken.
Exxon Mobil shares were at $76.94, down 1.2%; Chevron was at $10.61 a share, down 1.8%; and Marathon Oil shares plummeted 6.7% to $27.18 a share.
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Originally from TheStreet


