NYMEX Benchmark Crude December: +$0.02 (+0.03%) to $87.09
Top Energy Stocks
Energy shares are higher in mid-day trading as a combination of
higher crude prices and M&A news buoyed stocks in the
Crude oil for December delivery traded up 0.03%, or $0.02, to
$87.09 a barrel. In other energy futures, heating oil is up 0.73%
to $2.41 a gallon while natural gas rose 1.35%, to $4.14 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is up 0.4% to $37.68. The United States Natural Gas ETF (
) is up 1.57% to $5.99.
In mid-day energy sector news, Chevron Corp (
) is off session lows but still in the red following news the oil
major plans to buy Atlas Energy Inc (
) for $4.3 billion.
Chevron will pay $43.34 a share for Atlas, which marks a 37%
premium over the company's closing price Monday. The deal will
bolster Chevron's stake in the Marcellus shale fields.
Chevron shares are down 1.12%, or $0.95, to $83.86. Atlas shares
are up 33.64% to $42.39 in mid-day trading.
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