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razzmat · Post time 5-11-2014 03:07 PM

Energy stocks fall as Brent oil hits 4-year low19 hours ago

Energy-related stocks are under pressure today, with Brent crude falling to a four-year low after Saudi Arabia cut prices for its exports.
The sector dominates the fallers on European bourses, with Seadrill the biggest loser on the FTSE Eurofirst 300 - down 6.2 per cent in Oslo at NKr144.7.
Transocean has fallen 3 per cent to SFr27.36 in Zurich, while Statoil is down 2.9 per cent at NKr147.8.
In London, Tullow Oil is bottom of the FTSE100 - down 2.7 per cent at 470p, closely followed by Petrofac, BG Group, Royal Dutch Shell and BP, with falls of around 2 per cent.
On the mid-cap FTSE 250, Ophir Energy is down 6.2 per cent at 178.3p and Premier Oil is down 4 per cent at 246.2p.
Global oil prices fell overnight after Saudi Arabia cut December prices for crude exports to the US.
US oil prices hit a three-year low while Brent crude has fallen 2.5 per cent to $82.66 - levels last seen in November 2010.

Oil UK Europe Tullow Oil Premier Oil Companies Ophir Energy