December 18, 2012 at 10:53 AM EST
Energy stocks up; Conoco sells Algerian assets
Energy stocks rose on Tuesday, up a second day as U.S. equities also gained on continued hopes a budget deal might be imminent. ConocoPhillips says it agrees to sell Algerian business unit to Indonesia’s state-controlled energy company PT Pertamina for $1.75 billion, part of the firm’s ongoing asset-sale program.
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