Oil Stocks Advance - Market Update

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Market Update Analysis:

Oil Stocks Advance

Author: Elena Todorova
123jump.com
Last Update: 11:56 AM EDT June 05 2006

Market posted weakness Monday morning on concerns about the impact of rising oil prices. Crude for July delivery climbed to $72.95 a barrel. However, the lift in oil prices led some stocks higher. Chevron Corp. gained 7 cents to $60.82 and ConocoPhillips rose 17 cents to $64.68, while Exxon Mobil Corp. slipped 12 cents to $61.53. Drilling services firm Halliburton Co. rose 14 cents to $76.92.

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