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

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: FXEN , MHR , PSTR , UNG , USO

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