CVE

Sector Update: Energy

Energy shares are mostly lower in mid-day trading while crude oil futures traded down below $101 a barrel. Light, sweet crude oil for January delivery traded down 0.63% to $100.64 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.51% to $38.80. The United States Natural Gas ETF ( UNG ) is down 1.43% to $7.57. In mid-day energy news, shares of Cenovus Energy ( CVE ) are down while the Canadian oil firm refiner is expecting oil production to grow 21% next year, according to a Reuters report. The refiner will spend 23% more to support that growth, the report said.

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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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