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BP

Sector Update: Energy Shares Lower in Late Trading as Crude Futures Manage a Positive Finish

NYMEX Benchmark Crude January: +$0.34 (+0.22%) to $88.62

Top Energy Stocks

XOM: -0.3%

CVX: -0.2%

COP: -0.5%

SLB: -0.4%

OXY: +0.6%

Energy shares are down in late-session trading even as crude oil futures managed to resist downward pressure and end in positive territory for the day.

Crude oil for January delivery finished up $0.34, or 0.22%, to $88.62 a barrel. In other energy futures, heating oil was up 0.48% to $2.47 a gallon while natural gas fell 0.71%, to $4.22 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.3% to $38.01. The United States Natural Gas ETF ( UNG ) is down 0.94% to $5.80.

The U.S Dollar Index (DXY) is up 1.01% to $80.17.

In late-session energy sector news, shares of BP plc ( BP ) and Transocean ( RIG ) are mixed following word that the Obama administration is suing both companies--along with other companies--for the Gulf of Mexico oil spill earlier this year, Reuters reported.

BP ADRs are down 1.4%, or $0.62, to $43.82. Transocean shares are down 1.1% to $71.99.

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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