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Sector Update: Energy

Energy shares are higher as crude oil futures finish above $89 a barrel by the close at the New York Mercantile Exchange. Light, sweet crude oil for October delivery finished up 0.6% to $89.40 a barrel. In energy ETFs, the United States Oil Fund ( USO ) up 0.93% to $34.66. The United States Natural Gas ETF ( UNG ) is down 3.54% to $9.80. In late-session energy news, shares of ConocoPhillips ( COP ) are higher although Reuters reports that China's State Oceanic Administration found indications that there are still unplugged leaks in Bohai Bay in Northern China. The agency is urging COP to step up cleanup efforts from its spill there earlier this year.

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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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