Energy shares have added to declines as crude oil futures tip to
give up early gains to close below $78 a barrel. Light, sweet crude
oil for November delivery finished down 2% to $77.61 a barrel. In
energy ETFs, the United States Oil Fund (
) is down 2.03% to $29.87. The United States Natural Gas ETF (
) is down 1.5% to $8.87. In late-session energy news, shares of
Exxon Mobil (
) are down as Reuters reports the oil major is increasing
production rates at its Billings, Montana refinery after it was
restarted. Meanwhile, Hercules Offshore (
) is down after it says the Starfish, a 140 class liftboat,
capsized after being struck by multiple waterspouts late in the
evening on Sept. 30.
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