Midday trading report: Energy stocks on pace to finish week ahead, but lower for the month

Midday trading report: Energy stocks on pace to finish week ahead, but lower for the month

In midday trading today the energy sector looks to have a winning week, though not strong enough to keep energy out of the red for the month of April, according to MarketWatch.

“Running out of steam after gains in the previous session, energy stocks in the S&P 500 index dipped 0.5%, on average. Oil service firm Helmerich & PayneHP -2.80%  fell back by 3.1%, while Alpha Natural ANR -2.67%  and Nabors International NBR -2.20%  dipped about 2.7% each. Chesapeake Energy Corp. CHK -0.24%  lost 0.5%, a day after the company said it’s scrapping a controversial pay plan for CEO Aubrey McClendon,” reporter Steve Geisi said. “On the plus side, Marathon Petroleum Corp. MPC +1.35%  rose 1.4% and Valero Energy Corp. VLO +1.59%  moved up by 1.7%. Checking the main benchmarks in the energy sector, the NYSE Arca Oil IndexXX:XOI -0.18%  dipped 0.2% and the NYSE Arca Natural Gas Index XX:XNG +0.25%  gained fractionally, while the Philadelphia Oil Service Index OSX -0.70%  fell 0.7%.”



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