NYMEX Benchmark Crude October: (+1.9%) to $88.90
Top Energy Stocks
Energy shares are mixed in late-session trading as crude oil
futures close near $89 a barrel at the New York Mercantile
Light, sweet crude oil for October delivery finished up 1.9% to
$88.90 a barrel. In other energy futures, heating oil was up 1.98%
to $3.06 a gallon while natural gas was up 2.01% to $3.90 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 1.5% to $34.47. The United States Natural Gas ETF (
) is up 2.02% to $9.86.
In late-session energy news, ADRs of China Petroleum &
Chemical Corp. (
) are down after Bloomberg reports the refiner is planning to
collaborate with overseas companies to boost its search for shale
Citing comments from Sinopec Chairman Fu Chengyu, the report
indicated that Sinopec would join Cnooc to pursue technology to
help in its pursuit of shale gas wells in China.
Sinopec shares are down 0.47%, or $0.46, to $97.10.
Meanwhile, shares of Exxon Mobil (
) are down after it announced a deal with Russian oil major Rosneft
under which the companies plan to undertake joint exploration and
development of hydrocarbon resources in Russia, the United States
and other countries.
The deal includes $3.2 billion exploration program for Kara Sea
and Black Sea and the establishment of joint Arctic Research and
Design Center for Offshore Development in St. Petersburg.
There will also be joint operations to develop Western Siberia
tight oil resources.
Exxon Mobil shares are down 0.8%, or $0.60, to $73.52.