NYMEX Benchmark Crude January: (+0.6%) to $100.36
Top Energy Stocks
Energy shares are higher in late-session trading while crude oil futures finish at their highest level in two weeks, shrugging off crude oil inventory data.
The Energy Information Administration said that crude oil inventories rose 3.9 million barrels in the week ended Nov. 25.
Light, sweet crude oil for January delivery finished up 0.6% to $100.36 a barrel. In other energy futures, heating oil was down 0.12% to $3.01 a gallon while natural gas was down 2.17% to $3.55 per million British thermal units.
In late-session energy news, ConocoPhillips ( COP ) shares are higher on a rumor the U.S. oil and gas company is seeking buyers for its Alliance refinery in Belle Chasse, Louisiana, according to two people familiar with the company's plans, Bloomberg reports.
The Gulf Coast plant, which can process up to 247,000 barrels a day, may fetch $700 million to $1 billion excluding inventory, Bloomberg reports.
ConocoPhillips shares are up 3.58% to $70.57.
Meanwhile, shares of Transocean ( RIG ) are higher while the offshore oil rig operator announced the proposed public offering of senior notes of its wholly-owned subsidiary, Transocean Inc.
Transocean Ltd. expects to fully and unconditionally guarantee the senior notes.
RIG shares are up 2.71%, or $1.13, to $52.76.
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