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Sector Update: Energy

Energy shares are down in mid-day trading along with a tepid broader market while crude oil futures are finding some positive momentum, with the November contract tipping to the upside. Light, sweet crude November delivery is trading up 0.2% to $87.25 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.9% to $33.72. The United States Natural Gas ETF ( UNG ) is down 0.89% to $9.43. In mid-day news, shares of Apache Corp. ( APA ) are higher after the company said it will pay $1.75 billion for Exxon Mobil Corp.'s ( XOM ) U.K. North Sea assets, including the Beryl field and associated properties.

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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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