Energy shares are higher in mid-day trading while crude oil futures make fractional gains but still trade below $99 a barrel. Light, sweet crude oil for January delivery traded up 0.35% to $98.70 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.61% to $38.01. The United States Natural Gas ETF ( UNG ) is down 2.9% to $7.36. In mid-day energy news, shares of Chevron ( CVX ) are higher while Bloomberg reports the Kazakh oil venture led by the U.S. oil company has returned production to normal rates. The news came after a fire at one of its processing plants, the report said.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.