Sector Update: Energy

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Energy shares are mixed in mid-day trading as crude oil futures slip below $100 a barrel at the New York Mercantile Exchange. Light, sweet crude for June delivery traded down 0.93% to $99.17 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.58% to $39.27. The United States Natural Gas ETF ( UNG ) is down 1.48% at $10.67. In mid-day news, Sinotech Energy ( CTE ), a provider of enhanced oil recovery services in China, today reported Q2 net income of $10.9 mln versus last year's net loss of $2.6 mln. GAAP diluted earnings per ADS was $0.17, higher than the Thomson Reuters expectation for $0.13, which typically exclude special items.



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This article appears in: Investing , Commodities

Referenced Stocks: CTE , UNG , USO

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As of 10/24/2014, 04:15 PM

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