Jun 14, 2011
Energy shares are higher mid-day as the broader market is looking to regain lost ground. Light, sweet crude oil for July delivery traded up 1.5% to $98.78 a barrel. Cloud Peak Energy (NYSE:CLD), a U.S. coal producer, today, announced an agreement with Westshore Terminals LP to permit coal shipments through the Westshore Terminal in Vancouver, BC for ten years. Cloud Peak Energy exported 3.3 mln tons to Asian customers in 2010 through the terminal. The contract will commence in 2013 once the current contract ends, pending a definitive agreement between the parties.
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