NYMEX Benchmark Crude March: -$0.52 (-0.61%) to $84.29
Top Energy Stocks
Energy shares are slipping in mid-day trading as crude oil futures continue their prior-session slide, with the March contract trading below $85 a barrel.
Light, sweet crude oil for March delivery is down $0.52, or 0.61%, at $84.29 a barrel. In other energy futures, heating oil is down 0.53% to $2.73 a gallon while natural gas is up 1.4% to $3.98 per million British thermal units.
In mid-day energy news, shares of Exxon Mobil ( XOM ) are down after the oil major said its oil and gas reserve additions last year were double that of its production, Reuters reported.
The move marks the biggest jump in more than 10 years. The gains were partly due to Exxon's acquisition of XTO Energy.
Exxon said its proved reserves increased by 3.5 billion oil equivalent barrels--209% of its production. That brings its reserve base to 24.8 billion oil equivalent barrels.
Exxon shares are down 2.07%, or $1.76, to $83.15.
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