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Sector Update: Energy

Energy shares are higher ahead of the closing bell while crude oil futures - flipping between gains and losses through the session - managed a positive finish. Light, sweet crude oil for October delivery finished up 0.13% to $85.37 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.76% to $33.22. The United States Natural Gas ETF ( UNG ) is flat at $9.85. In late-session energy news, ADRs of Total SA ( TOT ) are higher as Bloomberg reports the French refiner said that production at the Pazflor field off the Angola shore has started ahead of schedule. Meanwhile, Reuters reports that Rio Tinto ( RIO ) and Mitsubishi Corp have increased its offer to buy out the remaining shares of Australian company Coal & Allied to A$125 from A$122 per share.

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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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