NYMEX Benchmark Crude September: (-5.2%) to $83.07
Top Energy Stocks
Energy shares are lower in mid-day trading along with the broader market as crude oil futures pare gains from the last several days to trade down 5.2%.
Light, sweet crude for September delivery is trading down 5.2% to $83.07 a barrel. In other energy futures, heating oil is down 2.76% to $2.87 a gallon while natural gas is down 0.81% to $3.90 per million British thermal units.
In mid-day energy news, shares of Exxon Mobil ( XOM ) are down along with the broader market, while Reuters reports the oil major sued the givernment to reverse a move by the U.S. Department of the Interior to cancel offshore oil and gas leases.
Exxon argued in a suit filed in federal court in Louisiana that the decision deprives the company of its rights under three of five leases.
Exxon shares are down 4.09%, or $3.03, to $71.11.
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