NYMEX Benchmark Crude May: (-3.3%) to $106.25
Top Energy Stocks
Energy shares are lower in late trading as crude oil futures
extend early-session losses to close below $107 a barrel.
Light, sweet crude oil for May delivery finished down 3.3% to
$106.25 a barrel. In other energy futures, heating oil was down
1.87% to $3.25 a gallon while natural gas was up 1.19% to $4.08 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 2.9% to $42.36. The United States Natural Gas ETF (
) is down 0.37% to $10.74.
In late-session energy news, ADRs of Statoil ASA (
) are down as Bloomberg reports that the oil producer--the largest
in Norway--is looking at selling a portion of its 28.5% stake in
Norwegian gas-pipeline network Gassled to free up capital.
Already, Exxon Mobil (
) agreed last year to sell its 9.43% stake in the network to Njord
Statoil ADRs are down 3.3%, or $0.97, to $27.89.
Meanwhile, Blackstone (
) shares are up after it and Alta Resources announced today the
formation of Alta Energy Partners, and a concurrent commitment to
invest up to $1 billion via this entity to acquire and develop
unconventional oil and gas assets in North America.
Blackstone shares are up 0.39%, or $0.07, to $18.07.
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