Referenced Stocks

Sector Update: Energy Shares Higher; Crude Oil Manages Modest Gains

By Midnight Trader,  August 11, 2011, 01:09:46 PM EDT

NYMEX Benchmark Crude September: (+0.17%) to $83.03

Top Energy Stocks

XOM: +3.6%

CVX: +2.6%

COP: +2.2%

SLB: +2.6%

OXY: +3.5%

Energy shares are higher in mid-day trading while crude oil futures are managing modest gains by the session's half, adding to a prior-session surge.

Light, sweet crude for September delivery traded up 4.5% to $82.89 a barrel. In other energy futures, heating oil is up 0.17% to $2.87 a gallon while natural gas is up 2.65% to $4.10 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.01% to $32.42. The United States Natural Gas ETF ( UNG ) is up 2.87% at $10.39.

In mid-day news, Teekay Corp. ( TK ) rises Q2 net loss, less items, was $0.51 per share on sales of $484.9 million. That is versus a loss of $0.36 per share on an adjusted basis a year ago.

Teekay shares are up 6.7%, or $1.45, to $23.27.

Meanwhile, shares of Exxon Mobil ( XOM ) are higher after shares were halted briefly. According to a MarketWatch report, the Nasdaq said the oil refiner's shares took a five minute break from trading.

The report questioned whether a trading glitch was responsible. FactSet reported that a trade of $63.47 would have been a near 7% drop in the stock.

Exxon shares are up 3.45%, or $2.35, to $70.38.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TK, UNG, USO, XOM



Latest News Video

Two Doses Instead of Three May Only Be Needed For HPV Vaccinaton
Two Doses Instead of Three May Only...
FDA Has Been Investigating the Safety of Caffeine in Foods
FDA Has Been Investigating the Safe...
School Smoking Prevention Cuts Down on Youth Smoking
School Smoking Prevention Cuts Down...
A 238 Square Foot Retirement Home
A 238 Square Foot Retirement Home   


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%