Markets

Sector Update: $101/Barrel Oil Little Help for Most Producers Today

With crude oil futures back above $101 a barrel following this morning's OPEC non-decision, producer stocks are at best mixed today, with a handful of firms getting modest boosts in share price but many other fighting off declines.

Large, diversified producers such as Suncor (SU.TO), Nexen (NXY.TO) and Imperial Oil (IMO.TO) are all higher, posting gains of 0.25% to just under 1%.

More representative, however, is NuVista Energy (NVA.TO), which is now down more than 4.5% at $9.11 a share. NuVista shares slowly lost ground throughout the morning, eventually settling into a range around $9.30 only to see that floor quickly erode and the stock start falling again over the past hour.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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