Energy shares are mixed in late trading, with crude oil futures
settling Friday lower below $99 a barrel.
Light, sweet crude oil for February delivery settled at $98.83 a
barrel, down 82 cents, according to preliminary CME GRoup Data. In
other energy futures, heating oil settled at $2.91 a gallon, down
0.6 cents, while natural gas finished down nearly 4 cent at $2.989
per million British thermal units, slipping under $3 shortly before
the floor session wrapped.
In energy ETFs, the United States Oil Fund (
) is down 0.6% at $38.18. The United States Natural Gas ETF (
) is off 9 cents -- or nearly 1.4% -- at $6.48, just 53 cents off
its 52-week lows set earlier today.
In other energy news, Es-Sider, Libya's largest oil port, is
close to restarting loadings, one of the final remaining hurdles
before normal exports can resume following the end of the Libyan
civil war, the country's oil chief said Thursday. Among the firms
first to likely benefit are ConocoPhilips (
), Hess (
) and Marathon (
), The Wall Street Journal reports.
Shares of all three firms were fractionally higher late.
Also, MarkWest Energy Partners LP (MWE) was up 3 cents at $55.01
a share after saying bank lenders agreed to a $150 million increase
in its senior secured revolving credit facility, bringing total
borrowing capacity to $900 million.
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