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Sector Update: Energy Shares Higher; Crude Futures Top $99 a Barrel

NYMEX Benchmark Crude February: (+$0.35) to $99.88

Top Energy Stocks

XOM: +0.7%

CVX: +0.6%

COP: +0.7%

SLB: +1.4%

OXY: -0.3%

Energy shares are higher in mid-day trading while crude futures trade higher to top $99 a barrel.

Light, sweet crude for February deliver advanced $0.35 to $99.88 a barrel.

In energy news, shares of Exxon Mobil ( XOM ) are higher as the New York Times reports that the oil major and its partners are squabbling with the government in Iraq over a $50 million payment that the refiners say Iraq owes them.

XOM shares are up 0.7% to $84.85.

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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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