By Jim Jelter , MarketWatch SAN FRANCISCO (MarketWatch) -- Oil stocks kicked off the abbreviated trading week watching modest gains at the open slip away, but further erosion was checked by firmer oil prices Monday.
February crude-oil futures were last up 70 cents at $78.75 a barrel in New York, extending recent gains into a fourth consecutive session. Riots in OPEC-member Iran, where at least 15 anti-government demonstrators died in clashes Sunday with security forces, were partly to blame for the gains in crude. Unexpectedly strong U.S. holiday sales and what that says about the underlying economy also contributed to the advance.
Full Story: Oil stocks slip off opening highs - MarketWatch
February crude-oil futures were last up 70 cents at $78.75 a barrel in New York, extending recent gains into a fourth consecutive session. Riots in OPEC-member Iran, where at least 15 anti-government demonstrators died in clashes Sunday with security forces, were partly to blame for the gains in crude. Unexpectedly strong U.S. holiday sales and what that says about the underlying economy also contributed to the advance.
Full Story: Oil stocks slip off opening highs - MarketWatch
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