Energy shares are higher in late trading while crude oil futures
were unable to find legs into the close of trading. The July
contract closed above $100 a barrel. Light, sweet crude oil for
July delivery finished down 1.1% to $100.23 a barrel. In energy
ETFs, the United States Oil Fund (USO) is down 0.95% to $39.55. The
United States Natural Gas ETF (UNG) is down 1.25% at $11.08. In
late-session energy news, Devon Energy (
) today reported that its Cana gas processing plant in Canadian
County, Okla, sustained significant damage from a tornado on May
24. About 36 million cubic feet of natural gas and 2,000 barrels of
natural gas liquids per day, net to DVN's interest, are curtailed
as a result of the plant outage,the company said. Also, CH Energy
) announced that its subsidiary, Central Hudson Enterprises, has
signed an agreement with Duke Energy Renewables, a commercial
business unit of Duke Energy (
), to sell the Shirley Wind Farm facility in Glenmore, Wisc.
Financial terms were not disclosed.
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