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Sector Update: Energy

Energy shares finished trading lower as crude oil futures finished trading down under $94 a barrel. Light, sweet crude oil for September delivery finished down 1.2% to $93.79 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.61% to $36.60. The United States Natural Gas ETF ( UNG ) is down 0.66% at $10.51. In late-session energy news, Marathon Oil ( MRO ) is down 3.59% to $29.54 after it reported Q2 EPS of $0.96, which missed analysts' mean estimate by $0.04. Analysts on average had expected a profit of $1 per share, ex items, according to data compiled by Thomson Reuters. Meanwhile, Duke Energy ( DUK ) reports Q2 adjusted EPS of $0.33, down from $0.34 a year earlier but beating by 2 cents the Thomson Reuters mean analyst estimate for $0.31. Revenue rose to $3.5 billion. The Street expected $3.3 billion.

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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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