On Monday, crude oil prices fell below $94.00 a barrel as China’s economic growth slowed in the last quarter. , China's National Bureau of Statistics reported its economy grew 7.7 percent in the fourth quarter of 2013, slightly lower than the 7.8 percent seen in the previous quarter. Additionally, Libyan officials have stated that they expect to regain control of oil facilities in the east which would add to global stockpiles and increase downward pressure on oil prices. "The prospect of a growing oil supply is continuing to weigh on prices," said a research note from Commerzbank in Frankfurt. "Any seizure of the oil terminals by force would mean escalating the crisis and make it more difficult — if not impossible — to find any permanent solution to it."
Bill Barrett Corporation (NYSE: BBG) shares traded in the range of $26.76 to $27.50 Friday before settling to close at $27.28, an increase of 0.44 percent. The stock appears to be facing some resistance at the $27.42 and $27.95 levels with some support at $26.76. Shares of Bill Barrett have gained approximately 50.0 percent in the past year.
More information on Bill Barrett and access to the free equity report can be found at:
Gulfport Energy Corporation (NASDAQ: GPOR) shares traded in the range of $54.78 to $55.95 Friday before settling to close at $54.83, a decrease of 0.38 percent. The stock appears to be facing some resistance at the $55.56 and $57.00 levels with some support at $54.50. Shares of Gulfport Energy have gained approximately 33.0 percent in the past year.
More information on Gulfport Energy and access to the free equity report can be found at:
Newfield Exploration Co. (NYSE: NFX) shares traded in the range of $24.88 to $25.36 Friday before settling to close at $25.09, a decrease of 0.59 percent. The stock appears to be facing some resistance at the $25.70 and $26.22 levels with some support at $25.03. Shares of Newfield Exploration have fallen approximately 12.0 percent in the past year.
More information on Newfield Exploration and access to the free equity report can be found at:
WPX Energy Inc. (NYSE: WPX) shares traded in the range of $18.56 to $19.24 Friday before settling to close at $18.65, a decrease of 2.66 percent. The stock appears to be facing some resistance at the $18.83 and $19.49 levels with some support at $18.27. Shares of WPX Energy have gained approximately 28.0 percent in the past year.
More information on WPX Energy and access to the free equity report can be found at:
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