Sector Update: Energy


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Energy shares are higher in late trading as crude futures finish above $100 a barrel. Light, sweet crude oil for April delivery finished up 3.5%, or $3.44 to $101.42 a barrel. In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.04% to $136.33. Market Vectors Gold Miners ( GDX ) is down 1.86% to $55.43. iShares Silver Trust ( SLV ) is down 0.62% to $33.40. In late-session energy news, shares of Quicksilver Energy ( KWK ) are slipping more than 4% after members of the Darden family announced that they had determined not to further pursue a take private transaction of Quicksilver resources at this time. Meanwhile, Wabash National ( WNC ) announced today that it has entered into an exclusive, five-year agreement to manufacture frac tanks for Indiana-based Sabre Manufacturing. WNC will be investing about $2.5 million and adding up to 200 jobs to support the new manufacturing initiative.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: GDX , GLD , KWK , SLV , WNC

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