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Sector Update: Energy

Energy shares are down in late trading as crude oil futures slipped to close below $105 a barrel. Light, sweet crude oil for April delivery finished down $0.64, or 0.63%, to $104.38 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.6% to $42.05. The United States Natural Gas ETF ( UNG ) is up 1.33% to $10.46. In late-session energy news, shares of Exxon Mobil ( XOM ) are down as Bloomberg reports the oil major is planning to spend $100 million a day for the next five years on capital projects such as natural-gas plants and news oil wells. Meanwhile, Dynegy ( DYN ) is down after the company said in an SEC filing it may be forced to file for bankruptcy protection, according to a Marketwatch report. The company said it may not be able to comply with debt payments by Q3 or Q4 of this year, the report said.

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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