Sector Update: Energy Shares Down; Crude Oil Futures Trade Below $104 a Barrel

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NYMEX Benchmark Crude April: -$0.20 (-0.19%) to $104.67

Top Energy Stocks

XOM: -0.6%

CVX: -1.3%

COP: -0.1%

SLB: -1.2%

OXY: +1.0%

Energy shares are down in mid-day trading as crude oil dips below $104 a barrel and Dynegy ( DYN ) says it may be forced to file for bankruptcy protection.

Light, sweet crude oil for April delivery is trading down $0.20, or 0.19%, to $104.67 a barrel. In other energy futures, heating oil is up 1.55% to $3.05 a gallon while natural gas is up 1.35% to $3.00 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.31% to $42.18. The United States Natural Gas ETF ( UNG ) is up 1.42% to $10.47.

In mid-day news, Dynegy is down after the company said in an SEC filing it may be forced to file for bankruptcy protection, according to Marketwatch. The company said it may not be able to comply with debt payments by Q3 or Q4 of this year, the report said.

Dynegy shares are down 2.76%, or $0.16, to $5.63.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: DYN , UNG , USO

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