Biofuels Digest Indexâ„¢ drops 0.57% as oil prices flirt with new high

Monday continued where Friday left off with a whack taken out of Big Ethanol, with Aventine Renewable Energy (AVR) down 1.75% to $12.90, VeraSun Energy (VSE) down 2.17% to $12.65, and Archer-Daniels-Midland (ADM) down 0.52% to $32.54.

Some small caps found higher ground today, led by Environmental Power (EPG), up 3.28% to $5.04 and Green Plains Renewable Energy up 1.43% to $16.27. Today, Business Week profiled VeraSun and A-D-M among other companies in a round-up on alternative energy.

In the broader markets, the Dow Jones industrials rose 14.47 points to 13,127.85, the S&P 500 fell 1.85 to 1451.70 and the Nasdaq slipped 6.59 to 2559.11. A rise in tech stocks sparked a brief rally which was squelched by news that oil prices neared another record.

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