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Sector Update: Energy

Energy shares are down in mid-day trading while crude oil futures drop below $86 a barrel and the broader equities market undergoes a sell-off. Light, sweet crude oil for October delivery traded down 2.9% to $85.34 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 3.28% to $33.02. The United States Natural Gas ETF ( UNG ) is down 0.72% to $9.60. In mid-day energy news, shares of Exxon Mobil ( XOM ) are down while Bloomberg reports the oil major may start its Silvertip pipeline today or tomorrow.

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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