NYMEX Benchmark Crude May: (+1.44%) to $109.67
Top Energy Stocks
Energy shares are higher as the May oil contract was seeing firm
support in trading at the New York Mercantile Exchange.
Light, sweet crude oil for May delivery traded up 0.9% to
$108.11 a barrel. In other energy futures, heating oil was up 1.37%
to $3.23 a gallon while natural gas was down 0.17% to $4.20 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 1.2% to $43.80. The United States Natural Gas ETF (
) is down 0.54% to $11.00.
In mid-day news, Bronco Drilling (
) is higher after its says it will be bought by Chesapeake Energy (
) for $11 per share cash, or approximately $315 million, including
debt, net working capital and outstanding warrants.
Bronco shares are up 5.7%.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.