Monday, June 18, 2007

U.S. Energy Stocks Rally as Oil Rises; S&P 500 Index Is Little Changed

(Bloomberg) -- Energy producers rallied after the
price of crude oil climbed, while utilities retreated as bond
yields remained near five-year highs.

Chevron Corp. and Exxon Mobil Corp. rose after oil advanced
on concern U.S. refiners aren't keeping up with increased gasoline
demand. Exelon Corp. and Dominion Resources Inc. led shares of
utilities lower as higher returns on bonds make their dividends
less appealing.


Read more at Bloomberg Stocks News

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