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Sector Update: Energy

Energy shares are mostly higher in mid-day trading as crude oil futures topped $102 a barrel before backing off the high. Light, sweet crude oil for April delivery is trading up $2.01, or 1.96%, to $101.58 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 1.38% to $41.05. The United States Natural Gas ETF ( UNG ) is down 1.45% to $5.10. In mid-day energy news, shares of Royale Energy ( ROYL ) are higher in morning trade after the company said it closed a sale of certain assets located in Kern County CA to a NYSE listed company. The sale includes an undisclosed acreage position together with several infrastructure assets. It has retained an overriding royalty on the acreage, which is prospective for the Monterey Shale.

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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