UNG

Sector UPdate: Energy

Energy shares are higher in mid-day trading while crude oil futures top $2 a barrel at the New York Mercantile Exchange. Light, sweet crude oil for October delivery traded up 2.37% to $87.40 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 2.41% to $33.95. The United States Natural Gas ETF ( UNG ) is down 2.18% to $9.66. In mid-day energy news, Cimarex Energy ( XEC ) shares are higher after the company said its board of directors has appointed a new chief executive officer and a new chief operating officer as part of the company's succession plan. Thomas E. Jorden has been named President and CEO, while Joseph R. Albi was named COO. Both have also been appointed to the company's Board of Directors.

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.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.