Sector Update: Energy Shares Down; Crude Oil Futures Gain 1.3%, But Off High

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NYMEX Benchmark Crude April: +$1.38 (+1.28%) to $105.76

Top Energy Stocks

XOM: -0.3%

CVX: -0.2%

COP: -0.9%

SLB: -1.4%

OXY: +0.5%

Energy shares are down in mid-day energy as crude oil futures fall back to $106 a barrel after topping $107 earlier in the session.

Light, sweet crude oil for April delivery is trading up $1.38, or 1.28%, to $105.76 a barrel. In other energy futures, heating oil is up 0.23% to $3.09 a gallon while natural gas is up 1.08% to $3.85 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.92% to $42.72. The United States Natural Gas ETF ( UNG ) is up 1.76% to $5.16.

In mid-day news, James River Coal ( JRCC ) reports Q4 EPS of $0.93, up from a year ago loss of $0.12 per share.

Separately, the company said it signed a definitive agreement to purchase International Resource Partners LP (IRP) and Logan & Kanawha Coal Company, LLC (L&K) and their affiliated companies for $475 million in an all-cash transaction.

James River shares are up 12.1%, or $2.45, to $22.74.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: JRCC , UNG , USO

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