Energy futures were moving higher in an erratic day of trading at the New York Mercantile Exchange, overcoming an earlier step back that for a time had put crude below $127 a barrel.
West Texas crude for July delivery was recently trading up $1.16 at $130.16 a barrel. Brent crude was gaining $1.47 at $129.78 a barrel.
Reformulated gasoline was up 4 cents at $3.42 a gallon. Heating oil edged 3 cents higher to $3.83 a gallon, and near-term natural gas was up 8 cents at $11.88 per million British thermal units.
On a day with no new major data or headlines, energy traders appear to be awaiting Thursday's release of the Energy Department's weekly petroleum report for motivation. The report was delayed a day because Monday was a federal holiday.
Cramer: Get Ready For an Energy Pullback
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Meanwhile, energy stocks were mostly lower. Among integrated stocks,
was sliding 1.9% to $72.15, while
was fractionally lower at $99.48.
was up 0.2% at $88.96.
In the oil services and drilling space,
was 0.6% lower at $47.83,
National Oilwell Varco
was down 0.3% at $80.46 and
was climbing 0.4% to $153.96.
U.S. Oil Fund
, an exchange-traded fund that closely tracks the performance of WTI futures on the Nymex, was recently trading 0.9% higher at $105.16.