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Sector Update: Energy

Energy shares are higher as crude oil futures swung to the red despite a strong day for equities. Light, sweet crude oil for October delivery finished down 1.4% to $88.91 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.23% to $34.42. The United States Natural Gas ETF ( UNG ) is up 1.45% to $10.18. In late-session energy news, Halliburton ( HAL ) has turned up in afternoon trade, erasing earlier losses after the U.S. said in a final report that it and BP ( BP ) violated federal offshore safety regulations in connection with the April 2010 Deepwater Horizon rig disaster and resulting Gulf of Mexico oil spill.

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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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