NYMEX Benchmark Crude April: -$0.98 (-0.97%) to $100.24
Top Energy Stocks
Energy shares are trading lower in mid-session trading as crude oil futures pare some earlier losses and now are trading above $100 a barrel.
Light, sweet crude oil for April delivery is trading down $0.98, or 0.97%, to $100.24 a barrel. In other energy futures, heating oil is up 0.43% to $3.04 a gallon while natural gas is up 2.85% to $4.00 per million British thermal units.
In mid-day news, Chevron ( CVX ) shares are down on a Reuters report that the oil major is targeting a 1% output increase this year as it looks to invest in two large Australian natural gas projects to restart growth.
Chevron is targeting average production of oil-equivalent products of 2.79 million bpd this year. That would equal 1 percent growth.
Chevron shares are down 0.18%, or $0.18, to $99.75.
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