Sector Update: Energy

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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 ( USO ) is down 1.35% to $32.98. The United States Natural Gas ETF ( UNG ) is down 1.26% to $9.39. In late-session energy news, shares of Hercules Offshore ( HERO ) are down while Bloomberg reports the shallow-water driller said a rig it is operating for a Chevron ( CVX ) subsidiary off the Angola coast will be out of service for six months. Meanwhile, shares of Apache Corp. ( APA ) 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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This article appears in: Investing , Commodities

Referenced Stocks: APA , CVX , HERO , UNG , USO

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As of 11/26/2014, 12:17 PM

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