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Sector Update: Energy Shares Down; Crude Futures Trading Below $85 a Barrel

NYMEX Benchmark Crude October: (-0.4%) to $84.83

Top Energy Stocks

XOM: -2.2%

CVX: -1.4%

COP: -1.7%

SLB: -2.7%

OXY: -1.1%

Energy shares are down in mid-day trading while crude oil futures are trading below $85 a barrel.

Light, sweet crude for October delivery is down 0.4% to $84.83 a barrel. In other energy futures, heating oil was up 0.81% to $2.98 a gallon while natural gas was up 1.27% to $3.97 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.27% to $32.99. The United States Natural Gas ETF ( UNG ) is up 1.48% at $9.93.

In mid-day energy news, shares of Exxon Mobil ( XOM ) are down as Reuters reports that workers at the oil major's Papua New Guinea plant site have been on strike since Monday.

As many as 100 workers are on strike, the report said, but Exxon is expecting a rapid resolution to the problem to prevent delay on the $15 billion project.

Exxon shares are down 2.56%, or $1.88, to $71.66.

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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