Sector Update: Energy

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Energy shares are higher just ahead of the closing bell even as crude oil futures fell to near $91 a barrel as investors eyed the government's crude inventory data due tomorrow. Crude oil for February delivery finished down $0.37, or 0.4%, to $91.12 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.21% to $38.83. The United States Natural Gas ETF ( UNG ) is down 0.17% to $5.83. In late-session energy news, FX Energy ( FXEN ) is higher after it says it has started production from its KSK production project in Poland. The KSK production project serves three wells: Sroda-4, Kromolice-1 and Kromolice-2. Meanwhile, shares of Noble Energy ( NBL ) are higher in late trading following earlier news that the company said it made a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.



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This article appears in: Investing , Commodities

Referenced Stocks: FXEN , NBL , UNG , USO

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