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

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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.

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


This article appears in: Investing , Commodities

Referenced Stocks: CVE , UNG , USO

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As of 10/22/2014, 04:15 PM

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