NYMEX Benchmark Crude September: (-1.4%) to $86.65
Top Energy Stocks
Energy shares are down in the last hour of trading as crude oil futures slip at the New York Mercantile Exchange to finish below $87 a barrel.
Light, sweet crude oil for September delivery finished down 1.4% to $86.65 a barrel. In other energy futures, heating oil was down 0.06% to $2.94 a gallon while natural gas was down 1.96% to $3.94 per million British thermal units.
In late-session energy news, ADRs of Royal Dutch Shell (RDS.A) traded lower as news reports noted the damaged reputation of the European oil major after the worst oil spill in the North Sea in a decade, according to the Associated Press.
Shell ADRs are down 1.94% to $65.38.
Meanwhile, ADRs of BP plc ( BP ) are down as Bloomberg reports the British oil major replaced its head of strategy as the company sought ways to support its share price following the Gulf of Mexico oil spill last year.
Former Deutsche Bank oil analyst Fergus MacLeod took over the strategy team from Ian Smale at the beginning of last month, the report said.
BP ADRs are down 1.97%, or $0.82, to $40.83.
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