Energy shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company to feel the heat from the slide in crude. The u. S. Oil major releasing its operating plan and Capital Budget for 2016 sxid and the latest round of cuts are steep. Conoco phillips 2016 Capital Expenditures 17 billion down 25 from its expected budget o
Whats even more peculiar, Energy Shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company torg feel the heat from the slide in crude. The u. S. Oil major releasing its operating plan and Capital Budget for 2016 sxid and the latest round of cuts are steep. Conoco phillips 2016 Capital Expenditures 17 billion down 2
Whats even more peculiar, Energy Shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company to feel the heat from the slide in crude. The u. S. Oil major releasing its operating plan and Capital Budget for 2016 sxid and the latest round of cuts are steep. Conoco phillips 2016 Capital Expenditures 17 billion down 25
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