Sector Update: Energy

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Energy shares are broadly lower even as crude oil futures finish the day with gains, topping $98 a barrel. Light, sweet crude oil for September delivery finished up 0.7% to $98.14 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.39% to $38.10. The United States Natural Gas ETF ( UNG ) is up 0.26% at $11.39. In late-session energy news, Murphy Oil ( MUR ) is up after DealReporter says the company may be in merger talks with Husky Energy. Meanwhile, shares of Exxon Mobil ( XOM ) are down 0.2% to $83.46 as Reuters reported that the petrochemicals giant is seeking partners for half of its interest in a coal bed methane project in Kalimantan, Indonesia.



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This article appears in: Investing , Commodities

Referenced Stocks: MUR , UNG , USO , XOM

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