NYMEX Benchmark Crude November: (+0.29%) to $80.06
Top Energy Stocks
Energy shares are mixed to higher in mid-day trading as crude
oil futures manage to climb back atop $80 a barrel at the New York
Light, sweet crude for November delivery is trading up 0.29% to
$80.06 a barrel. In other energy futures, heating oil is up 0.39%
to $2.80 a gallon while natural gas is up 1.92% to $3.77 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.29% to $31. The United States Natural Gas ETF (
) is up 2.28% to $9.44.
In mid-day news, Chevron (
) is down 0.33% to $89.70 a share after it says its Australian
subsidiary will proceed with the construction of its Wheatstone
Project in Western Australia.
The foundation phase of the Wheatstone Project is estimated to
cost US$29 billion and consists of two LNG processing trains with a
combined capacity of 8.9 million tons per annum (MTPA), a domestic
gas plant and associated offshore infrastructure including the
processing platform, subsea equipment, drilling and an export
trunkline. First gas is planned for 2016.
Meanwhile, Tortoise Energy Infrastructure (
) is reportedly upgraded to Outperform from Neutral at Robert W.
Baird. The firm set a price target of $41.
Tortoise Energy shares are down 0.65%.
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