During trading today, the Energy sector (XLE) showed little change while the S&P 500 fell 1.6%.
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As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLE was down 5.2% over the last thirty trading days while the S&P 500 climbed -0.9%.
Petroleo Brasileiro (PBR) was a major loser in the sector, falling 9% (-$1.76) to close at $17.84 with 30.7 million shares moving. The stock traded between $17.75 and $18.79. The stock has lost momentum over the last three months, losing $8.67 (-32.7%) from $26.51 on March 28, 2012.
LRR Energy (LRE) was a major gainer in the sector, rising 7.9% (+98 cents) to close at $13.44 with 158,996 shares moving. The stock traded in a range of $12.25 to $13.54. Geokinetics (GOK) also gained today, climbing one cent (+5.1%) to close at 27 cents.
Ivanhoe Energy (IVAN) rose 3.9% to close at 79 cents, crossing its 50-day moving average of 77 cents. Meanwhile, Chesapeake Energy (CHK) dropped 8.5% to close at $17.03, moving below its 200-day moving average or $20.85.
Longwei Petroleum Investment Hold (LPH) rose 3.4% to close at $1.20, approaching its 50-day moving average of $1.25. It has also moved closer to its 200-day moving average of $1.40.