NYMEX Benchmark Crude April: +$1.34 (+1.37%) to $99.43
Top Energy Stocks
Energy shares are down in mid-session trading even as crude futures advance to near $100 a barrel.
Light, sweet crude oil for April delivery is trading up $1.34, or 1.37%, to $99.43 a barrel. In other energy futures, heating oil is up 1.28% to $2.94 a gallon while natural gas is down 2.56% to $3.80 per million British thermal units.
In mid-day news, Chevron ( CVX ) shares are higher after Reuters reported the company has started to drill an exploratory well at a site in Bangladesh to determine if gas reserves are present.
Chevron is planning to drill the exploratory well up to a 4,500-meter depth. Development will start next year.
Chevron shares are up 0.34%, or $0.35, to $102.62.
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