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Sector Update: Energy Shares Higher in Mid-Session Trade; Crude Rises Above $89 a Barrel

NYMEX Benchmark Crude October: (+0.84%) to $89.49

Top Energy Stocks

XOM: +0.3%

CVX: +0.8%

COP: +0.3%

SLB: -0.6%

OXY: +0.1%

Energy shares are higher in mid-day trading while crude oil comes off a prior-session dip to trade above $89 a barrel.

Light, sweet crude oil for October delivery traded up 0.89% to $89.60 a barrel. In other energy futures, heating oil was down 0.39% to $3.07 a gallon while natural gas was down 1.92% to $3.97 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.81% to $34.79. The United States Natural Gas ETF ( UNG ) is down 1.47% to $10.07.

In mid-day energy news, shares of Chevron ( CVX ) are higher after the oil major said Thursday that it was evacuating workers from its operations in the Gulf of Mexico due to a tropical disturbance over the center of the area, Reuters reported.

Production was not affected, the report said.

Chevron shares are up 0.7%, or $0.69, to $99.53.

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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