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Sector Update: Energy

Energy shares are higher in mid-day trading as crude oil futures top $100 a barrel. Light, sweet crude oil for April delivery is trading up 2.82%, or $2.72 to $100.73 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 2.45% to $40.65. The United States Natural Gas ETF ( UNG ) is up 4.16% to $10.95. In mid-day news, Wabash National ( WNC ) announced today that it has entered into an exclusive, five-year agreement to manufacture frac tanks for Indiana-based Sabre Manufacturing. WNC will be investing about $2.5 million and adding up to 200 jobs to support the new manufacturing initiative. Frac tanks are bulk liquid storage containers used by fluid management companies in the environmental services, and oil and gas industries.

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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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