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Sector Update: Energy Shares Higher as Crude Reverses Course; LUKOIL NetDown 20%

NYMEX Benchmark Crude January: (+0.76%) to $96.92

Top Energy Stocks

XOM: +0.4%

CVX: +0.3%

COP: +0.01%

SLB: +0.9%

OXY: +0.6%

Energy shares are higher at half time of the shortened 'Black Friday' session as crude oil futures reverse course to trade just under $97 a barrel.

Light, sweet crude oil for January delivery traded up 0.76% to $96.92 a barrel. In other energy futures, heating oil was down 0.06% to $2.95 a gallon while natural gas was up 1.59% to $3.51 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.64% to $37.19. The United States Natural Gas ETF ( UNG ) is up 1.92% to $7.96.

In mid-day energy news, ADRs of Russian oil producer LUKOIL ( LUKOY ) are down as the company reported its net profit for Q3 fell 20% due to expenses from writing off dry holes and additional taxes for currency gains, MarketWatch reports.

LUKOIL ADRs are down 0.4% to $51.79.

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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