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Sector Update: Energy Shares Down in Mid-Day Trading; ConocoPhillips Makes Natural Gas Find

NYMEX Benchmark Crude January: (-$1.71) to $97.70

Top Energy Stocks

XOM: -1.9%

CVX: -2.0%

COP: -2.6%

SLB: -4.1%

OXY: -4.4%

Energy shares are down in mid-day trading while crude oil futures slip to remain below $100 a barrel.

Light, sweet crude oil for January delivery traded down $1.71 to $97.70 a barrel. In other energy futures, heating oil was down $0.01 to $2.91 a gallon while natural gas was down $0.05 to $3.26 per million British thermal units.

In mid-day energy news, shares of ConocoPhillips ( COP ) are down while Reuters reports the U.S. oil major made a find of natural gas in the southern North Sea but that further tests are needed to determine if it is worth developing.

COP shares are down 2.6% at $70.11.

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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