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Sector Update: Energy

Energy shares are lower as the January contract for light sweet crude trades off session lows, but still in negative territory. Crude oil for January delivery is trading down $0.22, or 0.27%, at $81.52 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.14% to $35. The United States Natural Gas ETF ( UNG ) is down 0.16% to $6.07. In sector news, Exxon Mobil ( XOM ) shares are lower following a Bloomberg report the oil major will build a diesel hydrotreater at its Singapore refining facility and increase its output of low-sulfur supplies. Exxon will reportedly boost its output by the equivalent of 2% of China's demand for the fuel.

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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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