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Sector Update: Energy

Energy shares are mixed in mid-day trading while crude oil futures tip lower to trade under $100 a barrel. Light, sweet crude oil for January delivery traded down 0.5% to $99.86 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 1.2% to $38.31. The United States Natural Gas ETF ( UNG ) is up 2.16% to $8.04. In mid-day energy news, BP PLC is selling its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline, for $1.67 billion, the AP 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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