UNG

Sector Update: Energy

An image of a pen on a stock chart Credit: Shutterstock photo

Energy shares are higher in late trading as crude oil futures advanced to close atop $100 a barrel at the New York Mercantile Exchange. Light, sweet crude oil for January delivery finished up 0.8% to $100.96 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.96% to $38.98. The United States Natural Gas ETF ( UNG ) is down 1.43% to $7.91. In late-session energy news, shares of ConocoPhillips ( COP ) are higher while the company announced a 2012 capital program of $15.5 billion and a program to repurchase up to an additional $10 billion of the company's common stock. The company additionally provided an update on its $15-20 billion asset divestiture program for 2010-2012.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.