NYMEX Benchmark Crude November: (+2.72%) to $83.39
Top Energy Stocks
Energy shares are higher in mid-day trading while crude oil
futures surge nearly 3% to top $83 a barrel at the New York
Light, sweet crude oil for November delivery is trading up 2.72%
to $83.39 a barrel. In other energy futures, heating oil is up
1.28% to $2.85 a gallon while natural gas is down 1.58% to $3.73
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 2.62% to $32.07. The United States Natural Gas ETF (
) is down 0.86% to $9.20.
In mid-day news, Swift Energy (
) shares are down 7.5%, or $2.08, to $26.04 after the company said
due to the failure of a third party operated gathering line earlier
this week, Swift Energy has been required to halt dry natural gas
sales from its Fasken field in Webb County, TX.
Gross natural gas sales volumes in the Fasken field were
averaging approximately 40 million gross cubic feet per day before
the failure occurred. Continued well productivity above initial
expectations in this area led the company to recently raise its
expected well recovery estimates to 10 billion cubic feet per
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