Crude Oil Futures Close Flat

However, E&P stocks did not fair as well in the trading session. Chesapeake Energy (CHK Quote - Cramer on CHK - Stock Picks)lost 1.5% to $56.31 a share, Cabot Oil & Gas (COG Quote - Cramer on COG - Stock Picks) dropped 2.2% to $60.98, and Imperial (IMO Quote - Cramer on IMO - Stock Picks) fell 3% to $55.66.

In other energy-related news, the U.S. House of Representatives approved a bill Thursday that gives the Commodity Futures Trading Commission the authority to intervene in electronic commodity markets. Among other items, the bill requires record-keeping for electronic exchanges and regulates certain types of speculation.

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