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Sector Update: Energy

By: MT Newswires
Posted: 3/9/2011 1:17:00 PM
Referenced Stocks: DYN;UNG;USO

Energy shares are down in mid-day trading as crude oil dips below $104 a barrel and Dynegy ( DYN ) says it may be forced to file for bankruptcy protection. Light, sweet crude oil for April delivery is trading down $0.20, or 0.19%, to $104.67 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.31% to $42.18. The United States Natural Gas ETF ( UNG ) is up 1.42% to $10.47. In mid-day news, Dynegy is down after the company said in an SEC filing it may be forced to file for bankruptcy protection, according to a Marketwatch report. The company said it may not be able to comply with debt payments by Q3 or Q4 of this year, the report said.