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Sector Update: Energy

Energy shares are down in mid-day trading, while crude oil futures trade under $84 a barrel. Light, sweet crude for November delivery is trading down 1.79% to $83.96 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.31% to $32.49. The United States Natural Gas ETF ( UNG ) is up 1.75% to $8.71. In mid-day energy news, BP ( BP ) is developing four new oil and gas projects that together will involve a total investment of nearly 10 billion pounds ($15.7 billion) in the U.K. oil industry over the next five years, MarketWatch reports.

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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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