Valero Energy Corporation

Futures drop on profit concerns

Stock futures dropped on Wednesday as investors turned cautious about the outlook for profits after Alcoa Inc's earnings missed estimates and International Paper Co. issued a profit warning.

U.S. oil companies monitor Felix, output unharmed

U.S. Gulf of Mexico oil and natural gas producers were monitoring powerful Hurricane Felix as it churned through the Caribbean Sea on Sunday, but none had reported reduced offshore production or evacuated workers to onshore locations.

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