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Sector Update: Energy

Energy shares are mixed while crude oil futures add to prior-session losses to trade below $100 a barrel. Light, sweet crude for July delivery is trading down 0.97% to $99.32 a barrel. In energy ETFs, the United States Oil Fund (USO) is down 0.61% to $39.28. The United States Natural Gas ETF (UNG) is up 2.93% at $12.10. In mid-day news, Occidental Petroleum (OXY) shares are higher, while Bloomberg reports that the oil major, along with Total ( TOT ) and Hess ( HES ), have halted production in Libya. The moves comes in response to unrest in that country. Occidental does not expect output from that country in the second quarter and employees have been withdrawn, the report says.

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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