Sector Update: Energy

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Energy shares have moved solidly lower in mid-day trading as crude oil futures continue to slide. The January contract is now trading under $83 a barrel. Crude oil for January delivery is trading down $2.34, or 2.82%, at $82.49 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 2.49% to $35.59. The United States Natural Gas ETF ( UNG ) is down 0.9% to $5.50. In mid-day energy sector news, Nexen ( NXY ) said output at its Long Lake oil sand project will stay below its design rate through 2011 as it works out wrinkles in that project, reports Reuters.



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This article appears in: Investing , Commodities

Referenced Stocks: NXY , UNG , USO

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As of 10/21/2014, 11:35 AM

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