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• ATLS 100% Rate It
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NYMEX Benchmark Crude December: +$0.02 (+0.03%) to $87.09

Top Energy Stocks

XOM: +1.4%

CVX: -1.1%

COP: +0.3%

SLB: +0.6%

OXY: +0.4%

Energy shares are higher in mid-day trading as a combination of higher crude prices and M&A news buoyed stocks in the sector.

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 ( USO ) is up 0.4% to $37.68. The United States Natural Gas ETF ( UNG ) is up 1.57% to $5.99.

In mid-day energy sector news, Chevron Corp ( CVX ) is off session lows but still in the red following news the oil major plans to buy Atlas Energy Inc ( ATLS ) 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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