On Wednesday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), held flat to $9.50.
Oil prices in New York dipped on Wednesday, following a mixed US petroleum supply report that showed lower crude supplies but a rise in gasoline stocks.
US benchmark West Texas Intermediate for delivery in July slipped five cents to US$59.92 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for August delivery added 17 cents at US$63.87 a barrel in London.
Commercial oil stocks in the US fell by 2.7 million barrels in the week ending June 12, marking the seventh straight weekly decline, according to data from the US Department of Energy.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of Weatherford International plc (NYSE:WFT), inclined 0.66% to $13.81, during its last trading session.
Weatherford International public limited company, introduced the commercial release of the IntegraLine™ liner system with swage technology at the International Association of Drilling Contractors (IADC) World Drilling 2015 Conference and Exhibition. Operators recently are more likely to encounter challenging well environments than routine ones. Designed and engineered by Weatherford for critical environments, the IntegraLine high-performance liner system provides maximum reliability in critical applications such as ultra deepwater, extended-reach, and sour-gas wells with high pressures and temperatures.
The IntegraLine liner system is comprised of three premium components: the polished bore receptacle, liner-top packer, and rotational hanger. The packer features swage sealing technology that forms an anti-extrusion, gas-tight barrier between the outer diameter of the packer body and the inner diameter of the host casing. This configuration reduces equipment failures that may threaten well integrity, allowing clients to achieve total depth efficiently while withstanding harsh conditions. Alternative components are also accessible to create a fit-for-purpose liner-hanger solution for specific, complex applications.
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company offers managed-pressure drilling services, counting closed-loop, air, managed pressure, and underbalanced drilling; drilling services, such as directional drilling, logging while drilling, measurement while drilling, and rotary steerable systems.
Technology stocks were moderately higher Wednesday’s afternoon, with shares of technology companies in the S&P 500 advancing almost 0.4%.
Among Technology stocks, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with -1.14% loss, and closed at $12.54.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
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