Markets

Sector Update: Energy Shares Lower in Mid-Day Trading; Crude Futures Near $94 a Barrel

NYMEX Benchmark Crude January: (-$0.22) to $93.58

Top Energy Stocks

XOM: -0.5%

CVX: -0.9%

COP: -0.6%

SLB: -1.8%

OXY: -1.3%

Energy shares are lower in mid-day trading while crude oil futures log gains to trade atop $94 a barrel.

Shares of Diamond Offshore Drilling ( DO ) are lower as the company was downgraded to Underweight from Equalweight at Barclays.

DO shares are down 1.5%.

Meanwhile, Exxon Mobil ( XOM ) shares are lower as Bloomberg reports that the U.S. oil major appointed HSBC Holdings ( HBC ) to advise on a $5 billion elastomers project at Jubail in Saudi Arabia, the Middle East Economic Digest reported.

XOM shares are down 0.4%, or $0.37, to $79.79.

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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