Markets
UNG

Sector Update: Energy Shares Lower; Crude Futures Give Up Positive Territory, Finish Down 0.2%

NYMEX Benchmark Crude September: (-0.2%) to $82.26

Top Energy Stocks

XOM: -0.7%

CVX: +0.6%

COP: -0.5%

SLB: -2.1%

OXY: -1.9%

Energy shares are tipping lower as crude oil futures give up positive territory in the last hour of trading to finish down fractionally.

Light, sweet crude oil for September delivery finished down 0.2% to $82.26 a barrel. In other energy futures, heating oil was up 1.22% to $2.90 a gallon while natural gas was up 1.23% to $3.94 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.35% to $31.83. The United States Natural Gas ETF ( UNG ) is up 0.51% at $9.94.

In late-session energy news, Royal Dutch Shell (RDS.A) ADRs are down as the European oil major said that it is making "good progress" in stopping an oil leak at the Gannet Alpha platform that has dirtied water in the North Sea, MarketWatch reports.

Divers have reportedly closed the relief valve, the report said. The company is now moving to ensure the leak remains closed.

Royal Dutch Shell ADRs are down 2.8%, or $1.74, to $61.84.

Meanwhile, shares of ConocoPhillips ( COP ) are lower as media reports say the oil major is close to cleaning up a spill in China's Bohai Bay. The company also apologized for the spill and noted that no oil remains on the sea's surface from the spill.

ConocoPhilips shares are down 0.55%, or $0.35, to $63.44.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

UNG COP USO

Other Topics

Commodities

Latest Markets Videos