Sector Update: Energy


Energy shares are lower as crude oil futures finished at their lowest level in a year - below $76 a barrel. Light, sweet crude oil for November delivery finished down 2.5% to $75.67 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.55% to $29.28. The United States Natural Gas ETF ( UNG ) is up 0.56% to $8.92. In late-session energy news, shares of Forest Oil Corp. ( FST ) are higher as the company is reportedly upgraded to Buy from Hold a Canaccord. Meanwhile, shares of NRG Energy ( NRG ) are firmly lower after the company said late Monday it now expected full-year earnings of between $1.78 billion to $1.85 billion, down from forecasts for between $1.9 billion and $2.0 billion.

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: FST , NRG , UNG , USO

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