Energy shares are down in late-session trading as crude oil
futures finish in the red after the Federal Reserve announced it
would take additional economy-boosting measures. Light, sweet crude
oil for November delivery finished down 1.2% to $85.92 a barrel. In
energy ETFs, the United States Oil Fund (
) is down 1.35% to $32.98. The United States Natural Gas ETF (
) is down 1.26% to $9.39. In late-session energy news, shares of
Hercules Offshore (
) are down while Bloomberg reports the shallow-water driller said a
rig it is operating for a Chevron (
) subsidiary off the Angola coast will be out of service for six
months. Meanwhile, shares of Apache Corp. (
) are higher as the company said it will pay $1.75 billion for
Exxon Mobil Corp.'s (XOM) U.K. North Sea assets, including the
Beryl field and associated properties.
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