NYMEX Benchmark Crude June: up 9 cents at $99.69
Top Energy Stocks
Energy shares are higher in mid-day trading as crude oil futures
rebound thanks to better-than-expected job data.
The U.S. economy gained 244,000 jobs in April, the biggest
increase in almost a year and more than the 175,000 economists'
Light, sweet crude oil for June delivery is off early highs and
near even, up 9 cents at $99.69 a barrel. In other energy futures,
heating oil is up 1.39% to $2.92 a gallon while natural gas is up
1.31% to at $4.31 per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 2.85% to $40.37. The United States Natural Gas ETF (
) is up 1.73% to $11.18.
In mid-day news, shares of Tesco Corp. (
) are seeing some support after the petroleum industry services
company said late Thursday Q1 net income was $0.13 per share, below
the Thomson Reuters mean for $0.16. Sales were $105.6 million,
below forecasts for $120 million.
Tesco shares are up 2.3%.
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