Energy Taking It On The Chin (XLE, OIH)

Energy is significantly underperforming the broader market on Wednesday as a new Presidential panel report spread blame around for the BP oil spill to a number of different companies, including BP BP, Halliburton HAL and Transocean RIG. Of these three, HAL is being punished the most severely, with the stock dropping 4.16% to $37.78. Transocean (RIG) on the other hand is down only 0.05% after spending most of the day in positive territory. BP has lost 0.62%. Much of the damage, however, is broad based in the energy complex. The Oil Service HOLDRs Trust ETF OIH, for example has lost 2.17% and is trading at $136.51. The Energy Select Sector SPDR ETF XLE has shed 1.02% to $67.75.