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Sector Update: Energy Shares Mixed; Crude Futures Slip Below $100 a Barrel

NYMEX Benchmark Crude January: (-0.5%) to $99.86

Top Energy Stocks

XOM: -0.8%

CVX: -0.8%

COP: +0.4%

SLB: +0.1%

OXY: -0.8%

Energy shares are mixed in mid-day trading while crude oil futures tip lower to trade under $100 a barrel.

Light, sweet crude oil for January delivery traded down 0.5% to $99.86 a barrel. In other energy futures, heating oil was down 1.1% to $3.66 a gallon while natural gas was up 3.2% to $3.66 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.2% to $38.31. The United States Natural Gas ETF ( UNG ) is up 2.16% to $8.04.

In mid-day energy news, BP PLC is selling its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline, for $1.67 billion, the AP reports.

The business is involved in extracting, processing and wholesaling natural gas liquids across Canada and in the midwestern United States. It owns or has rights to 4,000 kilometers (2,500 miles) of pipeline systems and storage capacity of 21 million barrels.

BP is down 1.8%.

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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