NYMEX Benchmark Crude October: (+2.2%) to $87.27
Top Energy Stocks
Energy shares are higher in late-session trading as crude oil futures advanced to finish up over 2% to top $87 a barrel.
Light, sweet crude oil for October delivery finished up 2.2% to $87.27 a barrel. In other energy futures, heating oil was up 0.01% to $3.01 a gallon while natural gas was down 2.24% to $3.84 per million British thermal units.
In late-session energy news, Venoco ( VQ ) is up 30.40% to $11.71 after it says its board of directors has received a non-binding proposal from Timothy M. Marquez, Chairman and CEO of the company and the holder of approximately 50.3% of Venoco's outstanding common stock, to acquire all of the outstanding shares of Venoco common stock for $12.50 per share in cash.
Meanwhile, Cimarex Energy ( XEC ) shares are higher after the company said its board of directors has appointed a new chief executive officer and a new chief operating officer as part of the company's succession plan.
Thomas E. Jorden has been named President and CEO, while Joseph R. Albi was named COO. Both have also been appointed to the company's Board of Directors.
Jorden will replace F.H. Merelli, who is currently Chairman, President and CEO. Merelli will stay on as Chairman of the Board after Jorden's and Albi's appointments take effect on Sept. 30.
Shares are up 4.68% to $67.14.
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