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Sector Update: Energy

Energy shares are higher while crude oil futures were bid up during the session to trade near $100 a barrel. Light, sweet crude for February delivery was up $1.02 to $99.72 a barrel. In energy news, ADRs of Royal Dutch Shell (RDS.A) are higher while the Associated Press reports that the an oil spill off the coast of that country is likely the worst to hit those waters in a decade, citing a government official there. Meanwhile, shares of Chevron ( CVX ) are higher while The Wall Street Journal reports that the federal police in Brazil are asking federal prosecutors to indict as many as 17 employees from the refiner for their alleged roles in the oil spill off the coast of that country.

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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