NYMEX Benchmark Crude December: (+1.2%) to $98.99
Top Energy Stocks
Energy shares are higher in mid-day trading while crude oil
futures maintained positive territory into the close to end just
below $99 a barrel.
Light, sweet crude oil for December delivery finished up 1.2% to
$98.99 a barrel. In other energy futures, heating oil was up 1.75%
to $3.15 a gallon while natural gas was down 0.08% to $3.64 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 0.98% to $38.09. The United States Natural Gas ETF (
) is down 0.96% to $8.28.
In late-session energy news, ADRs of China Petroleum &
) - known as Sinopec - are higher while Bloomberg reports that the
refiner agreed to purchase a 30% stake in Galp Energia's unit in
Brazil. The investment is Sinopec's second in offshore oil fields
there in two years, the report said.
Sinopec will invest $5.2 billion in the unit.
ADRs are up 1.6%, or $1.68, to $105.86.
Meanwhile, shares of Exxon Mobil (
) are higher while the oil major reportedly signed a deal to
explore for oil in Kurdistan, according to a MarketWatch
The region is in northern Iraq, which has been at odds with the
Iraqi government, the report noted.
XOM shares are up 0.97%, or $0.76, to $79.46.
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