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Sector Update: Energy Shares Higher; BP Wins First Gulf of Mexico Leases

NYMEX Benchmark Crude February: (+$0.40) to $99.93

Top Energy Stocks

XOM: +0.7%

CVX: +0.6%

COP: +0.7%

SLB: +1.3%

OXY: -0.3%

Energy shares are higher while BP ( BP ) ADRs rise as the company wins its first leases in the Gulf of Mexico since its massive oil spill there last year.

Light, sweet crude for February delivery advanced $0.40 to $99.93 a barrel.

In energy news, BP won 11 tracts in the latest lease sale held in the region, spending a total of $27.5 million, Forbes reported.

BP shares are up 0.42% to $43.14.

Meanwhile, shares of Exxon Mobil ( XOM ) are higher as the New York Times reports that the oil major and its partners are squabbling with the government in Iraq over a $50 million payment that the refiners say Iraq owes them.

XOM shares are up 0.72% to $84.90.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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