Sector Update: Energy

By Staff,

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Energy shares are higher in mid-session trading as May crude oil futures, under some pressure, still hold above $108 a barrel. Light, sweet crude for May delivery is trading down 0.43% to $108.16 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.19% to $42.95. The United States Natural Gas ETF ( UNG ) is up 2.31% to $11.05. In mid-day news, Kodiak Oil & Gas ( KOG ) says it is negotiating to contract a fourth rig for delivery in Q4. It controls a 40% to 50% working interest in wells being drilled by a non-operated drilling rig as part of its Dunn County, N.D. area of mutual interest with ExxonMobil ( XOM ).

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: KOG , UNG , USO , XOM

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