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Sector Update: Energy

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Energy shares are higher in a volatile session while crude oil futures managed to keep the high ground to finish above $80 a barrel. Light, sweet crude oil for November delivery finished up 0.5% to $80.24 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.32% to $31.19. The United States Natural Gas ETF ( UNG ) is up 2.25% to $9.44. In late-session energy news, shares of Chevron ( CVX ) are down as Bloomberg reports the company will make a final decision in 2013 about how much more it will invest in a move to add as much as 6 billion barrels of crude reserves to an oil field shares by Kuwait and Saudi Arabia.

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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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