NYMEX Benchmark Crude November: (+2.72%) to $83.39
Top Energy Stocks
Energy shares are higher in mid-day trading while crude oil futures surge nearly 3% to top $83 a barrel at the New York Mercantile Exchange
Light, sweet crude oil for November delivery is trading up 2.72% to $83.39 a barrel. In other energy futures, heating oil is up 1.28% to $2.85 a gallon while natural gas is down 1.58% to $3.73 per million British thermal units.
In mid-day news, Swift Energy ( SFY ) shares are down 7.5%, or $2.08, to $26.04 after the company said due to the failure of a third party operated gathering line earlier this week, Swift Energy has been required to halt dry natural gas sales from its Fasken field in Webb County, TX.
Gross natural gas sales volumes in the Fasken field were averaging approximately 40 million gross cubic feet per day before the failure occurred. Continued well productivity above initial expectations in this area led the company to recently raise its expected well recovery estimates to 10 billion cubic feet per well.
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