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• BP 72% Rate It
• CVE 0% Rate It

NYMEX Benchmark Crude August: (+$1.24) to $95.41

Top Energy Stocks

XOM: -0.1%

CVX: +0.8%

COP: +0.5%

SLB: +1.4%

OXY: -0.1%

Energy shares are mixed in late trading while crude oil futures surge to finish above $95 a barrel.

The Energy Information Administration said crude oil stockpiles fell 1.7 million barrels for the week ended June 17. That decline was bigger than the 81,000-barrel fall reported by the American Petroleum Institute late yesterday.

Light, sweet crude oil for August delivery finished up $1.24 to $95.41 a barrel. In other energy futures, heating oil was up 2.57% to $2.88 a gallon while natural gas was down 1.23% to $4.33 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is up 1.55% to $37.34. The United States Natural Gas ETF (UNG) is down 1.97% at $10.96.

In late-session energy news, oil company, Cenovus Energy Inc ( CVE ) today announced that it is temporarily shutting about 5,000 to 8,000 barrels per day of oil production from its Weyburn field wells in Saskatchewan due to flooding, according to a Reuters report.

The company may close as much as one-third of the wells in the 27,000 barrel-per-day field, added the report, citing Rhona DelFrari who is the spokeswoman for Cenovus.

CVE shares are up 0.38%, or $0.13, to $34.20.

Meanwhile, Transocean (RIG) is higher after it blamed BP ( BP ) in an incident where one of RIG's oil rigs exploded and sank in the Gulf of Mexico last year, leading to a major oil spill.

It said BP failed to properly assess the risks around the troubled well and did not communicate the danger to RIG. BP also used a poor well design which led to the failure of cement around the well casing, allowing gas to escape and reach the rig, the report said.

Transocean shares are up 0.78% to $62.37.

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