NYMEX Benchmark Crude November: (-0.21%) to $86.62
Top Energy Stocks
Energy shares are down at the session's half along with the broader market while crude oil futures are holding above $86 a barrel.
Light, sweet crude for November delivery is trading down 0.21% to $86.62 a barrel. In other energy futures, heating oil is down 0.69% to $3.03 a gallon while natural gas is down 0.43% to $3.68 per million British thermal units.
In mid-day news, Halliburton ( HAL ) is down after concern about shaky oil prices overshadowed a Q3 earnings and revenue Street beat.
The company reported earnings of $683 million, or 74 cents per share, compared with $544 million, or 60 cents per share, last year, a 26% gain. Ex-items, income was 94 cents per share. The Street was looking for a consensus 91 cents. Revenue jumped 40.4% to $6.55 billion, ahead of the Street's consensus for $6.35 billion.
Oil prices fell 12.5% from the second to third quarter amid concern that slowing global demand will weigh in the coming year.
Halliburton shares are down 7.16% to $34.75.
Meanwhile, AmeriGas Partners ( APU ) has slipped after briefly trading higher. The company announced that it has reached a definitive agreement to acquire the propane operations of Energy Transfer Partners ( ETP ) for approximately $2.9 billion, including $1.5 billion in cash, approximately $1.3 billion in AmeriGas common units, and the assumption of $71 million in debt.
Shares of Energy Transfer Partners are down 0.41% to $45.73.
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