FX & CFD trading involves significant risk
Early trade is rather choppy, but the major equity averages have managed to remain in positive territory with modest gains.
Energy is an early leader. The sector has sprinted ahead to a 1.2% gain as ConocoPhillips (COP 9.70, +5.30) shares spike more than 7% in response to news that the company will split itself into two publicly traded entities, one which will focus on refining and marketing, the other will take over exploration and production operations.
In the backdrop, oil prices are up 0.6% to $98.70 per barrel.
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