NYMEX Benchmark Crude January: (-1.6%) to $98.90
Top Energy Stocks
Energy shares are down in mid-day trading while January crude futures trended down to under $100 a barrel at the New York Mercantile Exchange.
Light, sweet crude oil for January delivery traded down 1.6% to $98.90 a barrel. In other energy futures, heating oil was down 0.68% to $2.96 a gallon while natural gas was up 1.72% to $3.48 per million British thermal units.
In mid-day energy news, shares of Exxon Mobil ( XOM ) are down while MarketWatch reports the oil major sees demand for electricity pushing the energy industry. The comments came as a part of its Energy Outlook. The report concluded that natural gas will gain market share while oil will remain the most widely-used fuel.
XOM shares are down 1.21%, or $0.98, to $80.08.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.