Markets
XOM

Sector Update: Energy

Energy shares are down in late-session trading even as crude oil futures pare early losses to finish higher - above $85 a barrel. Light, sweet crude oil for October delivery finished up $0.14 to $85.30 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.21% to $33.15. The United States Natural Gas ETF ( UNG ) is up 0.46% at $9.82. In late-session energy news, shares of Valero Energy ( VLO ) are down as the refiner said that it has opened a a trading office in London's Canary Wharf, according to a Reuters report on the matter. The move comes on the heels of Valero's completion of its acquisition of Chevron's ( CVX ) Pembroke refinery, the report said. Meanwhile, shares of Exxon Mobil ( XOM ) are down as Reuters reports that workers at the oil major's Papua New Guinea plant site have been on strike since Monday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

XOM UNG VLO USO CVX

Other Topics

Commodities

Latest Markets Videos