Sector Update: Energy Shares Higher in Late Trading as Crude Futures Finish Lower Near $91 a Barrel

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NYMEX Benchmark Crude February: -$0.37 (-0.4%) to $91.12

Top Energy Stocks

XOM: +0.2%


CVX: +0.5%

COP: +0.9%

SLB: +1.9%

OXY: +1.6%

Energy shares are higher just ahead of the closing bell even as crude oil futures fell to near $91 a barrel as investors eyed the government's crude inventory data due tomorrow.

Crude oil for February delivery finished down $0.37, or 0.4%, to $91.12 a barrel. In other energy futures, heating oil was down 0.13% to $2.52 a gallon while natural gas fell 0.16%, to $4.28 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.21% to $38.83. The United States Natural Gas ETF ( UNG ) is down 0.17% to $5.83.

In late-session energy news, FX Energy ( FXEN ) is higher after it says it has started production from its KSK production project in Poland. The KSK production project serves three wells: Sroda-4, Kromolice-1 and Kromolice-2.

The Sroda-4 well is providing the initial production, and is expected to produce approximately 4 million cubic feet of gas per day (mmcfg/d) gross during an initial plateau production phase of several years.

FX Energy shares are up 2.69%, or $0.17, to $6.08.

Meanwhile, shares of Noble Energy ( NBL ) are higher in late trading following earlier news that the company said it made a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.

Noble shares are up 2.78%, or $2.36, to $87.34.



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: FXEN , NBL , UNG , USO

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