NYMEX Benchmark Crude January: +$1.25 (+1.4%) to $88.00
Top Energy Stocks
Energy shares are mostly higher in late-session trading as crude
surges on a weaker dollar and positive movement from equities.
Crude oil for January delivery finished up $1.25, or 1.4%, to
$88.00 a barrel. In other energy futures, heating oil was up 2.1%
to $2.45 a gallon while natural gas rose 1.2%, to $4.32 per million
British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 1.5% to $37.74. The United States Natural Gas ETF (
) is up 1.1% to $5.95.
In late-session energy news, Longwei Petroleum (
) is up after it says it won annual contracts with two new
customers for its Gujiao petroleum storage facility representing
sales of 19,000 metric tons of petroleum products. The Company
estimates that the contracts will be worth approximately $20.1
million based on current pricing levels.
Longwei shares are up 8.85% to $2.83.
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