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Sector Update: Energy Shares Higher at Session's Half; Crude Oil Futures Top $2 a Barrel

NYMEX Benchmark Crude October: (+2.35%) to $87.39

Top Energy Stocks

XOM: +0.8%

CVX: +0.5%

COP: +2.2%

SLB: +1.4%

OXY: +1.9%

Energy shares are higher in mid-day trading while crude oil futures top $2 a barrel at the New York Mercantile Exchange.

Light, sweet crude oil for October delivery traded up 2.37% to $87.40 a barrel. In other energy futures, heating oil was up 0.71% to $3.03 a gallon while natural gas was down 1.65% to $3.86 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.41% to $33.95. The United States Natural Gas ETF ( UNG ) is down 2.18% to $9.66.

In mid-day energy news, 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 4.77% to $67.20.

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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