Sector Update: Energy

By
A A A

Energy shares are higher in mid-day trading while crude oil futures maintained positive territory into the close to end just below $99 a barrel. Light, sweet crude oil for December delivery finished up 1.2% to $98.99 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.98% to $38.09. The United States Natural Gas ETF ( UNG ) is down 0.96% to $8.28. In late-session energy news, ADRs of China Petroleum & Chemical ( SNP ) - known as Sinopec - are higher while Bloomberg reports that the refiner agreed to purchase a 30% stake in Galp Energia's unit in Brazil. The investment is Sinopec's second in offshore oil fields there in two years, the report said. Meanwhile, shares of Exxon Mobil ( XOM ) are higher while the oil major reportedly signed a deal to explore for oil in Kurdistan, according to a MarketWatch report.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: SNP , UNG , USO , XOM

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Tiny Homes With Big Appeal
Tiny Homes With Big Appeal          

Stocks

Referenced

100%
88%
100%
83%

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com