Sector Update: Energy Shares Lower; Crude Futures Finish Below $76 a Barrel

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NYMEX Benchmark Crude November: (-2.5%) to $75.67

Top Energy Stocks

XOM: -1.1%

CVX: -2.2%

COP: -1.5%

SLB: -2.2%

OXY: +1.7%

Energy shares are lower as crude oil futures finished at their lowest level in a year - below $76 a barrel.

Light, sweet crude oil for November delivery finished down 2.5% to $75.67 a barrel. In other energy futures, heating oil was down 1.01% to $2.72 a gallon while natural gas was down 0.11% to $3.61 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.55% to $29.28. The United States Natural Gas ETF ( UNG ) is up 0.56% to $8.92.

In late-session energy news, shares of Forest Oil Corp. ( FST ) are higher as the company is reportedly upgraded to Buy from Hold a Canaccord.

The firm cited valuation and removed overhang following the spin-off of its Canadian business.

Forest Oil shares are up 2.36%, or $0.21, to $9.10.

Meanwhile, shares of NRG Energy ( NRG ) are firmly lower after the company said late Monday it now expected full-year earnings of between $1.78 billion to $1.85 billion, down from forecasts for between $1.9 billion and $2.0 billion.

NRG Energy shares are down 5.22%, or $1.04, to $18.89.



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: FST , NRG , UNG , USO

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