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Sector Update: Energy Shares Higher; January Crude Finishes Just Shy of $101

NYMEX Benchmark Crude January: (+0.05%) to $100.99

Top Energy Stocks

XOM: +0.6%

CVX: +1.0%

COP: +0.3%

SLB: +2.8%

OXY: +2.5%

Energy shares are higher in late-session trading while January crude finishes just shy of $101 a barrel.

Light, sweet crude oil for January delivery finished up 0.05% to $100.99 a barrel. In other energy futures, heating oil was up 0.08% to $2.99 a gallon while natural gas was down 3.43% to $3.46 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.1% to $38.99. The United States Natural Gas ETF ( UNG ) is down 3.54% to $7.63.

In late-session energy news, shares of Chevron ( CVX ) are up nearly 1% as Brazil's oil minister admonished the California-based oil major to "come into line" with Brazil laws, according to a Bloomberg report.

Chevron was suspended from competing for new contracts in Brazil after an oil spill earlier this year off the coast of that country.

Chevron shares are up 0.98%, or $1.00, to $102.71.

Meanwhile, Devon Energy ( DVN ) today announced that it has successfully obtained regulatory approval from the Alberta Energy Resources Conservation Board and the Alberta Environment and Water to proceed with the construction of the third phase of its Jackfish Oil Sands Project near Conklin, Alberta in Canada.

DVN shares are up 1.44% to $66.33.

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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