Sector Update: Energy

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Energy shares finished higher as crude oil futures managed to keep gains topping 1% at the close of trading at the New York Mercantile Exchange. Light, sweet crude oil for December delivery finished up 1.3% to $95.52 a barrel.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.12% to $36.87. The United States Natural Gas ETF ( UNG ) is down 2.64% to $8.48. In late-session energy news, ADRs of Petroleo Brasileiro ( PBR ) are higher as the Reuters reports that Brazil's state-run Petrobras would sell Japan refiner Nansei Seikyu KK - its southern Japan refiner if it had an attractive enough offer. Meanwhile, Tesco ( TESO ) has tumbled 18.24% to $13.36 a share after it reports Q3 EPS of $0.10, short of estimates for $0.23. Revenue came out at $127 million, missing the consensus view of $130.28 million.



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: PBR , TESO , UNG , USO

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