Sector Update: Energy Shares Higher as Crude Futures Slip; Noble Energy Keeps Gains

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NYMEX Benchmark Crude February: -$0.17 (-0.20%) to $91.31

Top Energy Stocks

XOM: +0.2%


CVX: +1.1%

COP: +1.0%

SLB: +2.0%

OXY: +1.6%

Energy shares are broadly higher even as crude oil slips, although it remains above $91 a barrel.

Crude oil for February delivery is trading down $0.17, or 0.2%, at $91.31 a barrel. In other energy futures, heating oil is up 0.07% to $2.52 a gallon while natural gas fell 0.44%, to $4.26 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.15% to $38.97. The United States Natural Gas ETF ( UNG ) is down 0.34% to $5.82.

The U.S Dollar Index (DXY) is down 0.75% to $79.76.

In mid-day news, shares of Noble Energy ( NBL ) are advancing about 3% in regular-session trading after the company said it made a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.

Drilled in the Rachel license, the well encountered a minimum of 220 feet (67 meters) of net natural gas pay in several subsalt Miocene intervals. Apparent reservoir quality is very good, and the intervals discovered are geologically similar to those intersected at Tamar.

Noble shares are up 2.94%, or $2.51, to $87.49.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: NBL , UNG , USO

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