Markets
USO

Sector Update: Energy Shares Down; Crude Oil Futures Slip, Trade Under $100 a Barrel

An image of a pen on a stock chart
Credit: Shutterstock photo

NYMEX Benchmark Crude January: (-1.6%) to $98.90

Top Energy Stocks

XOM: -1.1%

CVX: -1.7%

COP: -1.4%

SLB: -2.4%

OXY: -2.3%

Energy shares are down in mid-day trading while January crude futures trended down to under $100 a barrel at the New York Mercantile Exchange.

Light, sweet crude oil for January delivery traded down 1.6% to $98.90 a barrel. In other energy futures, heating oil was down 0.68% to $2.96 a gallon while natural gas was up 1.72% to $3.48 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.44% to $38.26. The United States Natural Gas ETF ( UNG ) is up 1.39% to $7.66.

In mid-day energy news, shares of Exxon Mobil ( XOM ) are down while MarketWatch reports the oil major sees demand for electricity pushing the energy industry. The comments came as a part of its Energy Outlook. The report concluded that natural gas will gain market share while oil will remain the most widely-used fuel.

XOM shares are down 1.21%, or $0.98, to $80.08.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

USO UNG XOM

Other Topics

Commodities

Latest Markets Videos