NYMEX Benchmark Crude December: (+1.22%) to $96.89
Top Energy Stocks
Energy shares are higher in mid-day trading while crude futures
pare yesterday's decline to log gains topping 1%. A rise in
equities and positive employment data accounted for much of the
Light, sweet crude oil for December delivery traded up 1.22% to
$96.89 a barrel. In other energy futures, heating oil was up 0.94%
to $3.12 a gallon while natural gas was down 0.74% to $3.62 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 1.35% to $37.50. The United States Natural Gas ETF (
) is down 0.77% to $8.34.
Weekly employment data showed a decline in initial jobless
claims to the lowest level in seven months.
In weekly unemployment data, the U.S. Department of Labor said
initial jobless claims fell by 10,000 to a seasonally adjusted
390,000 in the week ended Nov. 5, below the 398,000 forecast in a
MarketWatch-compiled economist poll and the lowest level since
In mid-day energy news, Teekay Offshore Partners (
) said today that it will acquire the Sevan Piranema floating
production, storage and offloading (FPSO) unit from Sevan Marine
ASA for about $165 million. The FPSO unit is currently operating
under a long-term charter to Petrobras S.A., including a firm
contract period through March 2018, with up to 11 one-year
extension options, as well as cost escalation clauses.
The acquisition is expected to close in the fourth quarter of
Shares are up 0.57% to $26.54.