NYMEX Benchmark Crude June: (+$0.76) to $98.97
Top Energy Stocks
Energy shares are mixed in late-session trading as crude oil futures manage to shake off early losses to finish in positive territory.
Light, sweet crude oil for June delivery finished up $0.76 to $98.97 a barrel. In other energy futures, heating oil was up 0.5% to $2.91 a gallon while natural gas was up 0.31% to at $4.19 per million British thermal units.
In late-session energy news, shares of Halliburton ( HAL ) are higher as the oilfield services firm said it should continue to see margins in North America improve even as materials needed to extract oil and natural gas are seeing shortages, MarketWatch reported.
Operating income for North America at Halliburton rose to $732 million while and revenue grew 75%, the report said.
Halliburton shares are up 0.47%, or $0.22, to $46.63.
Also, executives from the major oil refiners defended the tax breaks they receive before Congress, which has been seeking ways to reign in the deficit.
One executive, Exxon Mobil ( XOM ) Chief Executive Officer Rex Tillerson told Congress that based only on supply and demand, crude oil prices should be in the range of $60 to $70 a barrel, Reuters reports.
Exxon shares are down 0.1%.
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