By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) -- Energy stock fell hard with the broad equities market Friday in the wake of a weaker-than-expected May jobs report and a drop in the euro.
The Dow Jones Industrial Average (DJIA 10,084, -171.70, -1.67%) fell 152 points, or 1.5%. DJIA components Exxon Mobil (XOM 60.77, -0.79, -1.28%) and Chevron (CVX 72.51, -1.40, -1.89%) dropped 1.1% and 2% respectively.
The NYSE Arca Oil Index (XOI 939.41, -16.33, -1.71%) fell 1.6% to 940, with component Repsol (REP 19.68, -0.85, -4.14%) down nearly 4%.
The NYSE Arca Natural Gas Index (XNG 527.05, +0.73, +0.14%) dropped 0.7% to 523. Component Nicor Inc. (GAS 40.43, -0.94, -2.27%) fell 1.8%, while Anadarko Petroleum (APC 47.75, +1.69, +3.66%) rose more than 3%.
The Philadelphia Oil Service Index (OSX 170.63, +1.36, +0.80%) dropped 1.4% to 167.
Among stocks in the spotlight, BP PLC (BP 38.12, -1.15, -2.93%) fell 2.4% to $38.33 as it attached a containment cap over the leaking riser pipe in the Gulf of Mexico. Meanwhile, the chairman of the company voiced support for CEO Tony Hayward. See full story.
Petroleum shares touch 2010 lows during the week
The failure of BP's "top kill" attempt over the Memorial Day weekend knocked the tar out of petroleum stocks in the first trading day after the holiday, but natural gas shares managed to rise for the week.
The NYSE Arca Oil Index traded a 939 on Friday, well below its ending point of 963 seven days ago. The gauge of major oil producers and refiners closed at a 2010 low of 914 on Tuesday.
The NYSE Arca Natural Gas Index changed hands at 525 on Friday, above its week-ago closing point of 506 as investors turned to the sub-sector as a haven from oil shares.
The Philadelphia Oil Service Index traded at 167 on Friday, below its close of 172 last Friday. The gauge of oil service companies has been hit by an offshore drilling moratorium and other consequences of the BP oil leak. The index hit its 2010 low of 159 on Tuesday.
