energy BLOG

Oil stocks: clung to slim gains Thursday

August 30th, 2007

Oil stocks cling to slim gains, gas falls. Oil stocks clung to slim gains Thursday while natural-gas and oil service stocks turned negative, hit by a bout of profit-taking on the previous session’s strong advance.

None of the moves was major, however, with the market jostling within a narrow trading band as the market awaits FED Chairman Ben Bernanke’s speech Friday at Jackson Hole, Wyo., which investors are hoping will shed some light on interest rate policy and the tightening credit market.

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