Energy shares are mixed in late-session trading as crude oil
futures close near $89 a barrel at the New York Mercantile
Exchange. Light, sweet crude oil for October delivery finished up
1.9% to $88.90 a barrel. In energy ETFs, the United States Oil Fund
) is up 1.5% to $34.47. The United States Natural Gas ETF (
) is up 2.02% to $9.86. In late-session energy news, ADRs of China
Petroleum & Chemical Corp. (
) are down after Bloomberg reports the refiner is planning to
collaborate with overseas companies to boost its search for shale
gas resources. Shares of Exxon Mobil (
) are down after it announced a deal with Russian oil major Rosneft
under which the companies plan to undertake joint exploration and
development of hydrocarbon resources in Russia, the United States
and other countries.
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