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Sector Update: Energy

Energy shares are higher in late-session trading while January crude finishes just shy of $101 a barrel. Light, sweet crude oil for January delivery finished up 0.05% to $100.99 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.1% to $38.99. The United States Natural Gas ETF ( UNG ) is down 3.54% to $7.63. In late-session energy news, shares of Chevron ( CVX ) are up nearly 1% as Brazil's oil minister admonished the California-based oil major to "come into line" with Brazil law's, according to a Bloomberg report. Devon Energy ( DVN ) today announced that it has successfully obtained regulatory approval from the Alberta Energy Resources Conservation Board and the Alberta Environment and Water to proceed with the construction of the third phase of its Jackfish Oil Sands Project near Conklin, Alberta in Canada.

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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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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