Markets

Sector Update: Energy Shares Mixed; Crude Futures Slip Below $105 a Barrel

NYMEX Benchmark Crude May: (-0.76%) to $104.56

Top Energy Stocks

XOM: +0.2%

CVX: -0.3%

COP: -0.2%

SLB: +4.1%

OXY: +1.3%

Energy shares are mixed in mid-day trading as crude oil futures slip below $105 a barrel.

Light, sweet crude oil for April delivery traded down 0.76% to $104.56 a barrel. In other energy futures, heating oil is flat at $3.05 a gallon while natural gas is up 0.41% to $4.42 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.9% to $41.80. The United States Natural Gas ETF ( UNG ) is up 0.18% to $11.82.

In mid-day news, Ivanhoe Energy ( IVAN ) is higher after its CEO says a new patent has been issued that broadens and extends Ivanhoe Energy's intellectual property related to its HTLTM (Heavy-to-Light) heavy oil upgrading technology.

The new patent was issued in the United States in the name of IVAN's technology partner, Ensyn Corporation, and relates to Ensyn's RTP (Rapid Thermal Processing), the core technology underlying the HTL process.

Ivanhoe shares are up 1.01%, or $0.03, to $3.

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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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