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Sector Update: Energy

By: MT Newswires
Posted: 12/9/2010 3:50:00 PM
Referenced Stocks: FXEN;UNG;USO

Energy shares are mixed near the end of the regular session as crude oil futures manage to eke out fractional gains and close above $89 a barrel. Crude oil for January delivery finished up $0.10, or 0.11%, to $89.01 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.08% to $37.93. The United States Natural Gas ETF ( UNG ) is down 3.33% to $6.09. The U.S Dollar Index (DXY) is up 0.06% to $80.05. In late-session energy sector news, FX Energy ( FXEN ) is up after it says it entered into a Letter of Intent with the Polish Oil and Gas Company to jointly explore FXEN's Warsaw South concession.