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Sector Update: Energy Shares Higher Ahead of the Close; Crude Futures Manage Positive Finish

NYMEX Benchmark Crude October: (+0.13%) to $85.37

Top Energy Stocks

XOM: +0.8%

CVX: +0.4%

COP: +0.7%

SLB: +1.8%

OXY: +0.4%

Energy shares are higher ahead of the closing bell while crude oil futures - flipping between gains and losses through the session - managed a positive finish.

Light, sweet crude oil for October delivery finished up 0.13% to $85.37 a barrel. In other energy futures, heating oil was up 0.76% to $3.00 a gallon while natural gas was down 0.03% to $3.93 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.76% to $33.22. The United States Natural Gas ETF ( UNG ) is flat at $9.85.

In late-session energy news, ADRs of Total SA ( TOT ) are higher as Bloomberg reports the French refiner said that production at the Pazflor field off the Angola shore has started ahead of schedule.

Output is set to increase to 220,000 barrels in the coming months, the report said.

Total ADRs are up 0.81%, or $0.38, to $47.16.

Meanwhile, Reuters reports that Rio Tinto ( RIO ) and Mitsubishi Corp have increased its offer to buy out the remaining shares of Australian company Coal & Allied to A$125 from A$122 per share.

ADRs of Rio Tinto are up 2.51% to $58.40 in late trading.

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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