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Sector Update: Energy

Energy shares are higher in mid-day trading while crude oil futures build on prior-session gains to top $89 a barrel. Light, sweet crude for October delivery is trading up 3.69% to $89.21 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 3.48% to $34.76. The United States Natural Gas ETF ( UNG ) is up 1.41% to $10.04. In mid-day news, shares of Chevron ( CVX ) are higher after the company announced late yesterday that it discovered an oil reserve at the Moccasin prospect in the deepwater U.S. Gulf of Mexico.

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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