Sector Update: Energy

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Energy shares are mixed, while crude oil futures are lower.

Light, sweet crude oil for February delivery is trading down $0.81 at $91.91 per barrel. In other energy futures, heating oil is flat at $2.93 per gallon while natural gas is up $0.11 at $4.17 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.90% at $33.89. The United States Natural Gas ETF ( UNG ) is up 2.3% at $20.32.

In other energy news, JinkoSolar Holding Co., Ltd. ( JKS ) could separate its solar business. The company said today that it has authorized the exploration of strategic alternatives with respect to JinkoSolar's downstream solar PV project business.

The Board intends to consider a broad range of alternatives including, but not limited to, an IPO, pre-IPO financing or merger and acquisition of the business.



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: JKS , UNG , USO

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As of 8/29/2014, 04:04 PM

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