NYMEX Benchmark Crude July: (+2.1%) to $102.70
Top Energy Stocks
Energy shares are higher in late trading as crude oil futures
managed to close well above $102 a barrel. Heating oil and natural
gas were also higher.
Light, sweet crude oil for July delivery finished up 2.1% to
$102.70 a barrel. In other energy futures, heating oil was up 1.7%
to $3.04 a gallon while natural gas was up 2.63% to $4.63 per
million British thermal units.
In energy ETFs, the United States Oil Fund (USO) is up 1.91% to
$40.47. The United States Natural Gas ETF (UNG) is up 2.95% at
In late-session energy news, Magellan Petroleum (
) is sharply lower after it said it will not complete the Evans
Shoal transaction because of concerns regarding recent substantial
modifications to the Evans Shoal work program.
Magellan Petroleum is down 12.57% to $1.60.
Meanwhile, FuelCell Energy (
) have risen nearly a third of its value after it received a $129
mln order for 70 megawatts of fuel cell kits from South Korea's
POSCO Power, it's largest order ever, according to a Reuters
The company said it will deliver said kits every month for two
years starting this October to POSCO Power, with 40% of the
contract value to be paid in the same month as well.
FCEL shares are up 30.8%, or $0.45, to $1.91.
Also, Noble Energy (
) shares are higher as the company announced Tuesday that it has
made a new discovery at the Santiago exploration prospect in the
deepwater Gulf of Mexico. The well, located in 6,500 feet of water
on Mississippi Canyon Block 519, was drilled to a total depth of
approximately 18,920 feet.
Open-hole logging identified approximately 60 feet of oil pay in
a high-quality Miocene reservoir. NBL is the operator at Santiago
with a 23.25% working interest.
Noble shares are up 0.67% to $93.01.