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Sector Update: Energy Shares Lower; Crude Oil Futures Finish Below $94 a Barrel

NYMEX Benchmark Crude September: (-1.2%) to $93.79

Top Energy Stocks

XOM: -1.4%

CVX: -0.7%

COP: -1.0%

SLB: -1.7%

OXY: -1.4%

Energy shares finished trading lower as crude oil futures finished trading down under $94 a barrel.

Light, sweet crude oil for September delivery finished down 1.2% to $93.79 a barrel. In other energy futures, heating oil was down 0.3% to $3.08 a gallon while natural gas was down 0.81% to $4.15 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.61% to $36.60. The United States Natural Gas ETF ( UNG ) is down 0.66% at $10.51.

In late-session energy news, Marathon Oil ( MRO ) is down 3.59% to $29.54 after it reported Q2 EPS of $0.96, which missed analysts' mean estimate by $0.04.

Analysts on average had expected a profit of $1 per share, ex items, according to data compiled by Thomson Reuters.

Revenue increased by 31.75% from the previous year to $3.68 billion, beating analyst estimates by $890 million.

Meanwhile, Duke Energy ( DUK ) reports Q2 adjusted EPS of $0.33, down from $0.34 a year earlier but beating by 2 cents the Thomson Reuters mean analyst estimate for $0.31. Revenue rose to $3.5 billion. The Street expected $3.3 billion.

Duke Energy shares are down 0.37% to $18.63.

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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