Sector Update: Energy Shares Sitting Lower Even as Crude Futures Finish With Gains

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NYMEX Benchmark Crude September: (+0.7%) to $98.14

Top Energy Stocks

XOM: -0.1%

CVX: -0.1%

COP: -0.1%

SLB: -0.1%

OXY: -0.7%

Energy shares are broadly lower even as crude oil futures finish the day with gains, topping $98 a barrel.

Light, sweet crude oil for September delivery finished up 0.7% to $98.14 a barrel. In other energy futures, heating oil was down 0.27% to $3.08 a gallon while natural gas was down 0.2% to $4.52 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.39% to $38.10. The United States Natural Gas ETF ( UNG ) is up 0.26% at $11.39.

In late-session energy news, Murphy Oil ( MUR ) is up after DealReporter says the company may be in merger talks with Husky Energy.

Murphy Oil shares are up 4.95%, or $3.23, to $68.64.

Meanwhile, shares of Exxon Mobil ( XOM ) are down 0.2% to $83.46 as Reuters reported that the petrochemicals giant is seeking partners for half of its interest in a coal bed methane project in Kalimantan, Indonesia.

Exxon Mobil Corporation is offering a stake in three blocks where drilling results have so far been good.



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: MUR , UNG , USO , XOM

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