NYMEX Benchmark Crude March: -$1.55 (-1.7%) to $87.48
Top Energy Stocks
Energy shares are off session highs but still in mostly positive
territory as crude oil futures slipped throughout the day to close
below $88 a barrel.
Light, sweet crude oil for March delivery finished down $1.55,
or 1.7%, to $87.48 a barrel. In other energy futures, heating oil
was down 0.42% to $2.70 a gallon while natural gas was down 4.78%
to $4.10 per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 1.73% to $36.69. The United States Natural Gas ETF (
) is down 4.67% to $5.59.
In late-session energy news, Chevron (
) shares have remained in positive territory but are off session
highs as the oil major plans to pay Atlas Energy (
) an additional 10 cents a share to settle litigation when its
$3.59 billion acquisition is completed, Bloomberg reports.
The settlement comes in response to Atlas shareholder lawsuits
that claim company directors violated fiduciary duties by agreeing
to an inadequate merger price.
Chevron shares are up 0.69%, or $0.67, to $97.78. The session
high is $98.23.
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