NYMEX Benchmark Crude April: +$2.66 (+2.7%) to $99.63
Top Energy Stocks
Energy shares are down as crude oil futures close near $100 a
barrel on concern over Middle East unrest.
Light, sweet crude oil for April delivery finished up $2.66, or
2.7%, to $99.63 a barrel. In other energy futures, heating oil was
down 0.17% to $2.92 a gallon while natural gas was up 0.9% to $4.04
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 2.78% to $40.28. The United States Natural Gas ETF (
) is down 3.9% to $5.18.
In late session energy news, Exxon Mobil Corp. (
) is down 0.62% to $85, after the company flared gases at its
refinery in Beaumont, Texas, according to Bloomberg, citing a
message from a community hot line.
The largest U.S. oil company's spokesman Kevin Allexon said
"conditions necessitated that we flare," but declined to
Meanwhile, Noble Energy, Inc. (
) is down in late trading after the company said yesterday that it
has received an approved permit to resume drilling at the Santiago
prospect in the deepwater Gulf of Mexico. Well operations were
suspended in June 2010 as a result of the deepwater Gulf of Mexico
Santiago is a middle Miocene amplitude prospect on Mississippi
Canyon Block 519. Noble Energy is the operator with a 23.25 percent
Noble Energy shares are down 2.03% to $90.78.
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