Sector Update: Energy; Shares Higher as Crude Holds Just Below $100 a Barrel

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Energy issues are higher this morning with crude oil futures gaining but holding below $100 a barrel after briefly pushing above that mark earlier today. Natural gas futures this morning fell below $3 per million British thermal units although the February contract was last trading at 3.013, down 1.4 cents. February heating oil futures are about 3 cents higher at $2.95 per gallon.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.4%. The United States Natural Gas ETF ( UNG ) is down 1.4% and has hit new year lows.

In company news, Es-Sider, Libya's largest oil port is close to restarting loadings, lifting what has been a critical hurdle in the way of a return to normal exports since the end of the Libyan civil war, the country's oil chief said Thursday. Among the firms likely first to benefit are ConocoPhilips ( COP ), Hess ( HES ) and Marathon ( MRO ), The Wall Street Journal reports.




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This article appears in: Investing , Commodities

Referenced Stocks: COP , HES , MRO , UNG , USO

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