Statoil a wet blanket on Oslo stock exchange

Statoil a wet blanket on Oslo stock exchange
Statoil's West Herkules rig. File poto: Statoil/Scanpix
Oil giant Statoil's less than stellar second-quarter results set the Oslo Stock Exchange off to a bad morning, with the main index dipping 0.2 percent.

Statoil's share prices went down 1.4 percent, while Petroleum Geo-Services (PGS) ploughed ahead by 5 percent in less than an hour after the stock exchange opening for trading on Thursday. 

North Sea oil was set at a barrel price of $106.72 , compared the American light oil being sold at $104,86 dollar a barrel. 

 


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