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Sector Update: Energy

By: MT Newswires
Posted: 9/26/2011 1:00:00 PM
Referenced Stocks: CVX;TYG;UNG;USO

Energy shares are mixed to higher in mid-day trading as crude oil futures manage to climb back atop $80 a barrel at the New York Mercantile Exchange. Light, sweet crude for November delivery is trading up 0.29% to $80.06 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.29% to $31. The United States Natural Gas ETF ( UNG ) is up 2.28% to $9.44. In mid-day news, Chevron ( CVX ) is down 0.33% to $89.70, after it said its Australian subsidiary will proceed with the construction of its Wheatstone Project in Western Australia. Meanwhile, Tortoise Energy Infrastructure ( TYG ) is reportedly upgraded to "outperform" from "neutral" at Robert W. Baird. The firm set a price target of $41.