Sector Update: Energy


Energy shares are mostly lower in mid-day trading while crude oil futures traded down below $101 a barrel. Light, sweet crude oil for January delivery traded down 0.63% to $100.64 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.51% to $38.80. The United States Natural Gas ETF ( UNG ) is down 1.43% to $7.57. In mid-day energy news, shares of Cenovus Energy ( CVE ) are down while the Canadian oil firm refiner is expecting oil production to grow 21% next year, according to a Reuters report. The refiner will spend 23% more to support that growth, the report said.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: CVE , UNG , USO

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