Energy shares are broadly lower as the equities market swings to
red in late trading. Crude futures finished below $82 a barrel.
Light, sweet crude oil for November delivery finished down 3.8% to
$81.21 a barrel. In energy ETFs, the United States Oil Fund (
) is down 2.86% to $31.44. The United States Natural Gas ETF (
) is down 1.79% to $9.34. In late-session energy news, shares of
Kodiak Oil & Gas Corp. (
) are down as the company said it would pay $235 million for both
undeveloped leases and producing properties in the Williston Basin,
MarketWatch reported. Meanwhile, shares of Chevron (
) are higher as Reuters reported that the U.S. oil major said it
had resumed operations on its Main Pass crude oil gathering system
in the U.S. Gulf of Mexico coast.
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