NYMEX Benchmark Crude January: -$2.34 (-2.82%) to $82.49
Top Energy Stocks
Energy shares have moved solidly lower in mid-day trading as
crude oil futures continue to slide. The January contract is now
trading under $83 a barrel.
Crude oil for January delivery is trading down $2.34, or 2.82%,
at $82.49 a barrel. In other energy futures, heating oil is down
2.38% to $2.31 a gallon while natural gas fell 0.23%, to $3.83 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 2.49% to $35.59. The United States Natural Gas ETF (
) is down 0.9% to $5.50.
In sector news, Nexen (
) said output at its Long Lake oil sand project will stay below its
design rate through 2011 as it works out wrinkles in that project,
The company sees production between 38,000 and 45,000 barrels
per day of bitumen next year from its Long Lake facility, the
report notes.. Nexen also sees ending 2011 still producing less
than the design rate of the facility, the report said.
Nexen's U.S.-traded shares are down 5.2%, or $1.15, to
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