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USO

Sector Update: Energy

Energy shares are mixed while the new January crude oil contract backs off pre-market highs to trade below $99 a barrel. Light, sweet crude oil for January delivery traded down 0.8% to $98.14 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.02% to $37.84. The United States Natural Gas ETF ( UNG ) is down 2.16% to $7.71. In mid-day energy news, shares of Exxon Mobil ( XOM ) are near the flat line as the refiner suspended the shutdown of its Antwerp refinery in Belgium as workers there call off a strike set for Nov. 23, Reuters 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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