Crude Trades Higher; More Bids For Southern Union Tuesday, July 5, 11:56 AM ET
August Crude oil is currently trading at $96.39 on the NYMEX due to relative Greek debt stabilization, a Barclays Capital oil price forecast upgrade for 2012 and general supply concerns.
Energy stocks are largely green today with Exxon Mobil (NYSE:XOM) higher by a few pennies, Halliburton (NYSE:HAL) up 1.25%, and Chevron (NYSE:CVX) up nearly 1%.
In other energy news, Southern Union (SUG) received an increased acquisition bid from Energy Transfer (NYSE:ETE) after Williams (NYSE:WMB) put in their offer late last month.
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