(Tech Sonian) –The price of oil fell 12 percent for the week, going below $60 per barrel on Thursday for the first time since July 2009. U.S. benchmark oil dropped $2.14 to $57.81 a barrel on Friday.
Oil has now fallen 47 percent since reaching a peak of $107 in June this year.
MPLX LP proclaimed that it has closed the achievement of an additional 30.5% interest in MPLX Pipe Line Holdings LP from subsidiaries of Marathon Petroleum Corporation (NYSE:MPC) for $800 million. Consideration for the deal consists of $600 million in cash and MPLX equity to be released to MPC valued at $200 million. This deal symbolizes MPLX`s third achievement following its initial public offering in October 2012 and increases MPLX`s interest in Pipe Line Holdings to 99.5% from the 69% interest it held formerly.
Marathon Petroleum Corp (NYSE:MPC) gained volume of 3.86 million shares and the average volume of the stock remained 3.90 million shares. The 52 week range of the stock remained $76.64 – $97.94.The stock opened the session at $80.48, and closed the session at $83.20. The stock showed a negative performance of -0.81% in previous trading session.
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KDDI CP UNSP ADR (OTCMKTS:KDDIY) offers numerous telecommunication services in Japan and worldwide. The company functions through four sections: Personal Services, Value Services, Business Services, and Global Services. The Personal Services section offers mobile communications services under au brand name; and fixed-line communications comprising FTTH and CATV services under au HIKARI brand name.
In previous session, KDDI CP UNSP ADR (OTCMKTS:KDDIY) traded 52,539 shares and the average volume of the stock remained 108,220 shares. The 52 week range of the stock remained $12.52 – $16.69. The stock was a bear and dropped -1.68%, while its closing price stayed at $15.81.
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Abraxas Petroleum Corp. (NASDAQ:AXAS) an independent energy company, is involved in the acquisition, exploitation, development, and production of oil and gas in the United States and Canada. The company works oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions of the United States, as well as in the province of Alberta, Canada.
Abraxas Petroleum Corp. (NASDAQ:AXAS) volume of the stock was 3.84 million shares in the most recent session and the average volume remained 3.17 million shares. The stock added 5.20% and finished the prior session at the closing price of $2.63.
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Telenor ASA (ADR) (OTCMKTS:TELNY) together with its subsidiaries, operates as a telecommunications company worldwide. It is engaged in the mobile communication, fixed line communication, and broadcasting activities. The companys mobile communication services include voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed line services comprise fixed telephony services, which include traffic, subscriptions, and connections for PSTN/ISDN and voice over Internet protocol (VoIP); Internet and TV services comprising subscriptions for xDSL, fiber, Internet traffic, and TV services; and leased lines and leased network, as well as data services and managed services.
Telenor ASA (ADR) (OTCMKTS:TELNY) traded with volume of 25,499 shares and the average volume of the stock remained 16,787 shares. The stock declined -2.55% and finished the trading at $59.70. The 52 week range of the stock remained $57.04 – $75.42, while its day’s lowest price was $59.67 and its hit its day’s highest price at $60.62.