NYMEX Benchmark Crude September: (+0.17%) to $83.03
Top Energy Stocks
Energy shares are higher in mid-day trading while crude oil futures are managing modest gains by the session's half, adding to a prior-session surge.
Light, sweet crude for September delivery traded up 4.5% to $82.89 a barrel. In other energy futures, heating oil is up 0.17% to $2.87 a gallon while natural gas is up 2.65% to $4.10 per million British thermal units.
In mid-day news, Teekay Corp. ( TK ) rises Q2 net loss, less items, was $0.51 per share on sales of $484.9 million. That is versus a loss of $0.36 per share on an adjusted basis a year ago.
Teekay shares are up 6.7%, or $1.45, to $23.27.
Meanwhile, shares of Exxon Mobil ( XOM ) are higher after shares were halted briefly. According to a MarketWatch report, the Nasdaq said the oil refiner's shares took a five minute break from trading.
The report questioned whether a trading glitch was responsible. FactSet reported that a trade of $63.47 would have been a near 7% drop in the stock.
Exxon shares are up 3.45%, or $2.35, to $70.38.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.