XOM - Energy fading into end of week as crude falls and services stocks struggle
Oil and gas plays are getting hit late as oil prices as the mild enthusiasm for the overall energy sectors seen this week fades.Crude oil has reversed direction and is down 2% below $40/barrel, with some analysts pointing to the stalemate in stimulus talks as a reason to bid the market down. Crude is on course to end down about 2.5% for the week.The SPDR Energy Sector ETF ([[XLE]], -1.2%) has been volatile this week, but looked like it could finish the week higher after a 4% jump yesterday. But it's now set to end slightly lower and is down more than 17% since highs in late August.Two of the best performers in the last five days for XLE are among its biggest losers today. National Oilwell Varco ([[NOV]], -2.4%) has been up 3.79% in the past five sessions and Williams Companies ([[WMB]], -2.2%) is up 3%.TechnipFMC ([[FTI]], -5.9%) is the worst performer after ending yesterday
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Energy fading into end of week as crude falls and services stocks struggle