NYMEX Benchmark Crude April: +$2.72 (+2.82%) to $100.73
Top Energy Stocks
Energy shares are higher in mid-day trading as crude oil futures
top $100 a barrel.
Light, sweet crude oil for April delivery is trading up 2.82%,
or $2.72 to $100.73 a barrel. In other energy futures, heating oil
is up 1.87% to $3.05 a gallon while natural gas is down 4.44% to
$4.11 per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 2.45% to $40.65. The United States Natural Gas ETF (
) is up 4.16% to $10.95.
In mid-day news, Wabash National (
) announced today that it has entered into an exclusive, five-year
agreement to manufacture frac tanks for Indiana-based Sabre
Manufacturing. WNC will be investing about $2.5 million and adding
up to 200 jobs to support the new manufacturing initiative.
Frac tanks are bulk liquid storage containers used by fluid
management companies in the environmental services, and oil and gas
Production of approximately 300 units in 2011 will take place in
WNC's South Campus in Lafayette, Ind., and is set to begin next
month. Over the next five years, more than 2,500 units is expected
to be produced.
Shares are up 5.95% to $11.04.
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