Energy stocks were declining along with much of the market today. Crude oil futures fell on worries over demand from China, as the nation’s GDP growth missed analysts’ estimates.
Energy names were down across the board: Big oil was in the red, with ExxonMobil (XOM) falling 0.4% and Chevron (CVX) down 0.7%. ConcoPhillips (COP) was nearly flat in morning trading.
Elsewhere, coal and natural gas stocks were also falling. Consol Energy (CNX) was off 3.2% in recent trading as Patriot Coal (PCX) tumbled 4% and Chesapeake (CHK)Â lost 3.5%.
Services stocks were also losing ground: Baker Hughes (BHI) and National Oilwell Varco (NOV) were both recently down 1.5%
