Sector Update: Energy

By Staff,

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Energy shares are down in mid-day trading as crude oil dips below $104 a barrel and Dynegy ( DYN ) says it may be forced to file for bankruptcy protection. Light, sweet crude oil for April delivery is trading down $0.20, or 0.19%, to $104.67 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.31% to $42.18. The United States Natural Gas ETF ( UNG ) is up 1.42% to $10.47. In mid-day news, Dynegy is down after the company said in an SEC filing it may be forced to file for bankruptcy protection, according to a Marketwatch report. The company said it may not be able to comply with debt payments by Q3 or Q4 of this year, the report said.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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

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