Sector Update: Energy Shares Higher in Late Trading; Crude Closes Below $83 a Barrel

By Staff,

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NYMEX Benchmark Crude November: (+1.2%) to $82.14

Top Energy Stocks

XOM: +2.0%

CVX: +1.7%

COP: +0.8%

SLB: +0.9%

OXY: -0.2%

Energy shares are higher in late-session trading as crude oil futures back off session highs to finish up over 1%.

Light, sweet crude oil for November delivery finished up 1.2% to $82.14 a barrel. In other energy futures, heating oil was up 0.01% to $2.81 a gallon while natural gas was down 1.42% to $3.74 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.54% to $31.72. The United States Natural Gas ETF ( UNG ) is down 0.97% to $9.19.

In late-session energy news, shares of ConocoPhillips ( COP ) are higher as Reuters reports that the U.S. oil major bought Libyan oil - the first for a US oil firm after the end of international trade sanctions, citing sources.

ConocoPhillips shares are up 0.52%, or $0.33, to $63.51.

Meanwhile, Swift Energy ( SFY ) shares are down 9.14%, or $2.57, to $25.55 as the company said due to the failure of a third party operated gathering line earlier this week, Swift Energy has been required to halt dry natural gas sales from its Fasken field in Webb County, TX.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: COP , SFY , UNG , USO

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