NYMEX Benchmark Crude September: (-2%) to $91.93
Top Energy Stocks
Energy shares are down in late trading as crude oil futures come off session lows but are still firmly in the red, closing below $92 a barrel.
Light, sweet crude oil for September delivery finished down 2% to $91.93 a barrel. In other energy futures, heating oil was up 2.25% to $3.02 a gallon while natural gas was down 1.32% to $4.10 per million British thermal units.
The federal Energy Information Administration reported today that crude supplies rose by 1 million barrels to 355 million barrels, a 0.03% gain, while gasoline stockpiles rose by 1.7 million barrels, or 0.8%, to 215.2 million barrels at the height of the summer driving season.
Analysts expected an increase of 2 million barrels of crude for the week ended July 29, but forecast gasoline supplies to increase by only 350,000 barrels.
Also, Petrohawk ( HK ) is up 0.24% to $38.23 a share after it reported its Q2 earnings figures.
The company said its Q2 EPS was $0.34, which beats by $0.13. Revenue increased 70% from the previous year period to $595 million, beating estimates by $31 million.
Petrohawk shares are up 0.16%, or $0.06, to $38.20.
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