Referenced Stocks

Sector Update: Energy

By Midnight Trader September 21, 2011, 03:12:24 PM EDT

Energy shares are down in late-session trading as crude oil futures finish in the red after the Federal Reserve announced it would take additional economy-boosting measures. Light, sweet crude oil for November delivery finished down 1.2% to $85.92 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.35% to $32.98. The United States Natural Gas ETF ( UNG ) is down 1.26% to $9.39. In late-session energy news, shares of Hercules Offshore ( HERO ) are down while Bloomberg reports the shallow-water driller said a rig it is operating for a Chevron ( CVX ) subsidiary off the Angola coast will be out of service for six months. Meanwhile, shares of Apache Corp. ( APA ) are higher as the company said it will pay $1.75 billion for Exxon Mobil Corp.'s (XOM) U.K. North Sea assets, including the Beryl field and associated properties.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: APA, CVX, HERO, UNG, USO



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