Sector Update: Energy


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Energy shares are higher in mid-day trading, with the NYSE Energy Sector Index rising around 0.9% and the S&P Energy Index holding on to a near 0.5% advance.

Light, sweet crude for September delivery is up $0.59 to $89.98 a barrel. In other energy futures, heating oil is up $0.01 to $2.88 a gallon while natural gas is down $0.07 to $3.02 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.8% to $33.60. The United States Natural Gas ETF ( UNG ) is down 2% at $20.70.

In stocks news, ATP Oil & Gas Corp. ( ATPG ) is down 27% and hit a new 52-week low of $1.35 on rumors that its bondholders are preparing for a potential restructuring, organizing a group to represent their interests, writes Bloomberg Businessweek.

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 Symbols: ATPG , UNG , USO


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