Sector Update: Energy

By Staff,

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Energy shares are lower in mid-day trading while crude oil futures log fractional gains to trade near $96 a barrel. Light, sweet crude oil for December delivery traded up 0.41% to $95.95 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.19% to $37.02. The United States Natural Gas ETF ( UNG ) is down 0.12% to $8.48. In mid-day energy news, DryShips ( DRYS ) is higher after the company reported better than expected Q3 results. Also, Dynegy ( DYN ) is sharply higher after the company earlier announced that it has reached an agreement with a group of investors holding over $1.4 billion of senior notes issued by Dynegy's direct wholly-owned subsidiary, Dynegy Holdings, regarding a framework for the consensual restructuring of over $4.0 billion of obligations owed by DH.

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: DRYS , DYN , UNG , USO

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