Sector Update: Energy Shares Mostly Lower Ahead of the Close as Oil Ends Down at $91 a Barrel

By Staff,

Shutterstock photo

NYMEX Benchmark Crude February: -$0.51 (-0.6%) to $91

Top Energy Stocks

XOM: -0.2%

CVX: -0.6%

COP: +0.2%

SLB: -0.04%

OXY: -0.4%

Energy shares are mostly lower as crude futures--which had seemed poised to hit $92 a barrel--backed off to close at $91 amid a lackluster session for equities.

Crude oil for February delivery finished down $0.51, or 0.6%, to $91 a barrel. In other energy futures, heating oil was down 0.74% to $2.52 a gallon while natural gas fell 0.83%, to $4.04 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.67% to $38.72. The United States Natural Gas ETF ( UNG ) is up 0.36% to $5.63.

The U.S Dollar Index (DXY) is down 0.23% to $80.31.

In energy sector news, FX Energy ( FXEN ) is down sharply after it said Thursday in a SEC filing it entered into an At-The-Market Issuance Sales Agreement with McNicoll, Lewis & Vlak LLC, in which FXEN could issue and sell common stock having aggregate sales proceeds of up to $50 million from time to time through MLV acting as agent.

FX Energy shares are down 8.8% to $5.84.

Elsewhere, PostRock Energy ( PSTR ) is just off session highs in late trading after it says it will sell to Magnum Hunter Resources ( MHR ) certain assets in Wetzel and Lewis Counties, W. Va, for $39.75 million. The consideration for the sale will consist of 50% cash and 50% MHR common stock.

PostRock shares are up 9.9% to $3.90.

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: FXEN , MHR , PSTR , UNG , USO

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by