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Sector Update: Energy

Energy shares are mixed in late-session trading while crude oil futures managed to finish higher, near $87 a barre;l. Light, sweet crude oil for October delivery finished up 1.4% to $86.89 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.87% to $33.58. The United States Natural Gas ETF ( UNG ) is down 1.34% to $9.54. In late-session energy news, shares of Chevron Corp. ( CVX ) are higher while MarketWatch reports that the U.S. oil major has been dealt a setback in its legal wrangling over environmental damage in Ecuador. Meanwhile, shares of Noble Energy ( NE ) are down as Deutsche Bank initiated coverage of the company with a Buy rating. Also, officials in Cyprus said the company started drilling an exploration well south of the island, MarketWatch reported. That comes despite protests from Turkey.

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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