NYMEX Benchmark Crude October: (up $1.76) to $89.95
Top Energy Stocks
Energy shares are lower in mid-day trading while crude futures
near $90 a barrel.
Light, sweet crude for October delivery is trading up $1.76 to
$89.95 a barrel. In other energy futures, heating oil is down 0.51%
to $2.93 a gallon while natural gas is up 0.89% to $3.88 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 0.61% to $34.63. The United States Natural Gas ETF (
) is down 2.18% to $10.06.
In mid-day news, shares of U.S. oil major Exxon Mobil (
) are lower while Bloomberg reports the U.S. oil major is in talks
with Russian oil firm Rosneft to develop the Val Shatskogo project
on the Black Sea. XOM shares are down 0.74%.
Also, Hercules Offshore (
) said Tuesday that it has acquired an additional 6.1 million
shares of Discovery Offshore S.A., at an average price of NOK 9.02
per share, or $1.62 per share. The company focuses on the ownership
of high-specification jackup rigs.
With this latest purchase, HERO has invested $34.1 million in
Discovery Offshore, and now holds a 28% ownership interest in the
Shares are down 4.48% to $3.84.
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