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Sector Update: Energy Shares Down; Crude Oil Futures Finish below $80 a Barrel

NYMEX Benchmark Crude November: (-3.6%) to $79.20

Top Energy Stocks

XOM: -0.6%

CVX: -1.4%

COP: -0.8%

SLB: -1.6%

OXY: -4.9%

Energy shares are down in late-session trading as crude oil futures finished at their lowest level in about a year.

Light, sweet crude oil for November delivery finished down 3.6% to $79.20 a barrel. In other energy futures, heating oil was down 1.25% to $2.78 a gallon while natural gas was down 1.84% to $3.67 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 4.22% to $30.62. The United States Natural Gas ETF ( UNG ) is down 2.38% to $9.02.

In late-session energy news, shares of Exxon Mobil ( XOM ) are down while Bloomberg reports that the oil major's Nigerian unit said gunmen attacked a vessel supplying on of its offshore oil platforms.

The gun reportedly wounded one worker and seized another worker.

Exxon Mobil shares are down 0.62%, or $0.48, to $73.40.

Meanwhile, ADRs of Statol ( STO ) are higher as the company said there is significant upside potential in the Avaldsnes discovery in the North Sea, confirming an announcement from Avaldsnes operator Lundin Norway AS and giving another lift to the Norwegian North Sea.

Lundin's updated resource estimate for the Avaldsnes discovery is in a range between 0.8 billion and 1.8 billion barrels of recoverable oil, compared with a previous estimate of a range between 0.1 billion and 0.4 billion barrels of

recoverable oil.

Statol shares are up 2.3%, or $0.49, to $21.81.

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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