NEW YORK (MarketWatch) -- Oil services and natural gas stocks rose as crude touched $100 a barrel for the first time Wednesday, even as some big oil shares weakened in the face of a 221-point drop in the Dow Jones Industrial Average.
Crude for February delivery rallied $4.02 to a record of $100 a barrel on the New York Mercantile Exchange in early afternoon trading. The contract ended the session up $3.64, or 3.8% at $99.62 a barrel, a new record close. See Futures Movers.
Traders are looking ahead to the release of weekly inventory data on Thursday, a day later than usual because of the New Year's Day holiday.
Lifting prices was news that militants bombed two police stations and a hotel in Port Harcourt, Nigeria in attacks that killed 18 people.
SGGC shares are becoming more valuable each day....tomorrow crude inventory report comes out....I believe USA supplies will be announced as being low...not good with the the cold weather snaps we get this time of year.
To be is to do.(Socrates) To do is to be.(Plato) Do be do be do!!!!!(Sinatra)
