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Sector Update: Energy

Energy shares are higher as crude oil futures top $89 a barrel at the New York Mercantile Exchange. Light, sweet crude oil for October delivery traded up 0.71% to $89.57 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 1.14% to $34.73. The United States Natural Gas ETF ( UNG ) is down 3% to $9.85. In mid-day news, shares of ConocoPhillips ( COP ) are higher while 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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