Referenced Stocks

Sector Update: Energy Shares Lower at Session's Half; Crude Futures Slip Below $101

By Midnight Trader,  December 07, 2011, 11:58:19 AM EDT

NYMEX Benchmark Crude January: (-0.63%) to $100.64

Top Energy Stocks

XOM: -0.1%

CVX: +0.1%

COP: -0.4%

SLB: -1.5%

OXY: -1.3%

Energy shares are mostly lower in mid-day trading while crude oil futures traded down below $101 a barrel.

Light, sweet crude oil for January delivery traded down 0.63% to $100.64 a barrel. In other energy futures, heating oil was down 0.8% to $2.99 a gallon while natural gas was down 1.49% to $3.43 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.51% to $38.80. The United States Natural Gas ETF ( UNG ) is down 1.43% to $7.57.

In mid-day energy news, shares of Cenovus Energy ( CVE ) are down while the Canadian oil firm refiner is expecting oil production to grow 21% next year, according to a Reuters report. The refiner will spend 23% more to support that growth, the report said.

CVE shares are down 0.37%, or $0.12, to $32.68.




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.


This article appears in: Investing, Commodities

Referenced Stocks: CVE, UNG, USO



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