| Energy stocks lead and early rally as price of crude surges | |
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NEW YORK (AP) -- Energy stocks are leading an early rally on Wall Street as the price of crude oil surges.
Marathon Oil surged 14 percent in early trading Friday, and several other energy companies also rose sharply
The price of oil jumped 6 percent to just over $31 a barrel.
American Express sank 9 percent after saying it would slash spending to cope with the negative effect of the rising dollar.
The Dow Jones industrial average gained 184 points, or 1.1 percent, to 16,066.
The Standard & Poor's 500 index rose 27 points, or 1.5 percent, to 1,896. The Nasdaq composite climbed 75 points, or 1.7 percent, to 4,548.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.07 percent.
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.4 billions as of today (€ 21.9 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 24, 2024 at US$ 27.53. Marathon Oil has 849 755 866 shares outstanding. |