NYMEX Benchmark Crude December: (+0.41%) to $95.95
Top Energy Stocks
Energy shares are lower in mid-day trading while crude oil
futures log fractional gains to trade near $96 a barrel.
Light, sweet crude oil for December delivery traded up 0.41% to
$95.95 a barrel. In other energy futures, heating oil was up 0.63%
to $3.13 a gallon while natural gas was down 0.49% to $3.67 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.19% to $37.02. The United States Natural Gas ETF (
) is down 0.12% to $8.48.
In mid-day energy news, DryShips (
) is higher after the company reported better than expected Q3
DRYS posted earnings of $0.16 per share, ex one-time items.
Revenue was $318 mln, up from $225.5 mln in the year ago quarter.
Analysts were expecting ex items EPS of $0.14 per share on revenue
of $296 mln.
Also, Dynegy (
) is sharply higher after the company earlier announced that it has
reached an agreement with a group of investors holding over $1.4
billion of senior notes issued by Dynegy's direct wholly-owned
subsidiary, Dynegy Holdings, regarding a framework for the
consensual restructuring of over $4.0 billion of obligations owed
If the restructuring support agreement is successfully
implemented, it will significantly reduce the amount of debt on the
company's consolidated balance sheet.
DYN shares are up 28.14% to $3.78.
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