Sector Update: Energy

By
A A A

Energy shares are higher in mid-day trading while crude oil futures pared prior-session losses to trade above $87 a barrel. Light, sweet crude for September delivery is trading up $1.10 at $87.75 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.95% to $33.77. The United States Natural Gas ETF ( UNG ) is up 0.6% at $10. Crude supplies rose by 1.7 million barrels for the week ended Aug, 12, the American Petroleum Institute trade group reported late Tuesday. Gasoline inventories dropped by 5.4 million barrels. Distillate inventories fell 1.3 million barrels. In mid-day news, shares of Southern Union ( SUG ) are higher as the company gets affirmation from Williams ( WMB ) late Tuesday that it still wants to buy Southern Union for $44 per share in cash.



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: SUG , UNG , USO , WMB

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

88%
100%
67%

Most Active by Volume

89,865,296
  • $16.21 ▲ 0.81%
75,109,464
  • $2.72 ▲ 3.03%
66,341,418
  • $97.67 ▲ 1.46%
62,511,232
  • $93 ▲ 1.32%
61,561,006
  • $75.95 ▲ 4.57%
57,374,027
  • $3.21 ▲ 69.84%
49,928,586
  • $24.82 ▲ 2.35%
39,880,670
  • $43.63 ▲ 2.08%
As of 10/17/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com