NYMEX Benchmark Crude January: -$0.58 (-0.68%) to $87.79
Top Energy Stocks
Energy shares are mixed in late-session trading as crude futures
dip below $88 a barrel and end lower for the week.
Crude oil for January delivery finished down $0.58, or 0.68%, to
$87.79 a barrel. In other energy futures, heating oil was down
0.45% to $2.45 a gallon while natural gas fell 0.5%, to $4.41 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.76% to $37.65. The United States Natural Gas ETF (
) is down 0.61% to $6.06.
The U.S Dollar Index (DXY) is up 0.03% to $80.09.
The International Energy Agency this morning lifted its forecast
for global oil demand for 2010 and 2011. The IEA sees
stronger-than-expected consumption in North America and emerging
Asian countries, especially China, which could bring OPEC countries
under pressure to boost supplies next year.
The Paris-based agency estimates global demand will rise to 88.8
million barrels a day next year, about 260,000 barrels more than
previous guidance. It also hiked its 2010 estimate to 87.4 million
barrels a day, up 130,000 daily barrels.
In late-session energy news, solar shares rise after Senate
negotiators approved extending grants to U.S. wind and solar power
companies for one year, Bloomberg reports.
First Solar (
) was last up 3.14%, SunPower (
) up 6.8% and Ascent Solar Technologies (
) up 6.5%.
Meanwhile, Fuel Systems Solutions Inc. (FSYS) was up after
pricing 2 million shares at $30.00 each.
Fuel Systems Solutions shares are up 1.8% to $32.19.
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