Sector Update: Energy


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 The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: ATPG , UNG , USO

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