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.

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This article appears in: Investing , Commodities
More Headlines for: FXEN , NBL , UNG , USO

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