Sector Update: Energy

By Staff,

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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 Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: PBR , TESO , UNG , USO

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