NYMEX Benchmark Crude June: -0.93% to $99.17 a barrel
Top Energy Stocks
Energy shares are mixed in mid-day trading as crude oil futures slip below $100 a barrel at the New York Mercantile Exchange.
Light, sweet crude for June delivery is trading down 0.93% to $99.17 a barrel. In other energy futures, heating oil is down 0.03% to $2.90 a gallon while natural gas is down 1.52% at $4.13 per million British thermal units.
In mid-day news, Sinotech Energy ( CTE ), a provider of enhanced oil recovery services in China, today reported Q2 net income of $10.9 mln versus last year's net loss of $2.6 mln.
GAAP diluted earnings per ADS was $0.17, higher than the Thomson Reuters expectation for $0.13, which typically exclude special items.
Sinotech also saw sales improve by 201.5% to $25 mln over last year's $8.29 mln. The company also upgraded its FY 2011 guidance for sales to be within the range of $100 mln to $105 mln.
Shares are 4.82% higher at $5.65.
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