Sector Update: Energy


Energy shares are broadly lower as crude oil futures - which had held the high ground for much of the first half of the day - succumbed to downward pressure to trade below $79 a barrel. Light, sweet crude for November delivery is trading down 0.57% to $78.71 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.89% to $30.22. The United States Natural Gas ETF ( UNG ) is down 1.17% to $8.90. In mid-day news, Hercules Offshore ( HERO ) is down after it says the Starfish, a 140 class liftboat, capsized after being struck by multiple waterspouts late in the evening on Sept. 30.

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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: HERO , UNG , USO

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