Sector Update: Energy

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Energy shares are down in mid-day energy as crude oil futures fall back to $106 a barrel after topping $107 earlier in the session. Light, sweet crude oil for April delivery is trading up $1.38, or 1.28%, to $105.76 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.92% to $42.72. The United States Natural Gas ETF ( UNG ) is up 1.76% to $5.16. In mid-day news, James River Coal ( JRCC ) reports Q4 EPS of $0.93, up from a year ago loss of $0.12 per share. Separately, the company said it signed a definitive agreement to purchase International Resource Partners LP (IRP) and Logan & Kanawha Coal Company, LLC (L&K) and their affiliated companies for $475 million in an all-cash transaction.



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This article appears in: Investing , Commodities

Referenced Stocks: JRCC , UNG , USO

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