Sector Update: Energy


Energy shares are broadly higher even as crude oil slips, although it remains above $91 a barrel. Crude oil for February delivery traded down $0.17, or 0.2%, to $91.31 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.15% to $38.97. The United States Natural Gas ETF ( UNG ) is down 0.34% to $5.82. The U.S Dollar Index (DXY) is down 0.75% to $79.76. In mid-day news, shares of Noble Energy ( NBL ) are advancing about 3% in regular-session trading after the company said it made a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: NBL , UNG , USO

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