Energy Stocks Remain In The Red As Bearish Sentiment Persists

By Steve Gelsi Energy stocks were lower Tuesday, as bearish sentiment lingered from the previous session and shares of BP PLC (BP)dropped. The NYSE Arca Oil Index (XOI) fell 0.9% to 966, while the NYSE Arca Natural Gas Index (XNG) dropped 1.3% to 533. The Philadelphia Oil Service Index (OSX) declined 1.2% to 180. BP shares lost 2.7% to $29.51. BP's chief executive, Tony Hayward, canceled a scheduled speech at an oil industry conference in London, as the company continued with plans to contain more oil at the site of the ruptured well in the Gulf of Mexico. -Steve Gelsi; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires June 22, 2010 10:55 ET (14:55 GMT)