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Sector Update: Energy Shares Mixed to Higher; Crude Manages to Finish Atop $101 a Barrel

NYMEX Benchmark Crude January: (+0.3%) to $101.28

Top Energy Stocks

XOM: +1.1%

CVX: +1.5%

COP: +0.2%

SLB: -0.3%

OXY: -0.6%

Energy shares are mixed to higher in late trading while crude oil futures pared mid-day declines to finish higher, atop $101 a barrel.

Light, sweet crude oil for January delivery finished up 0.3% to $101.28 a barrel. In other energy futures, heating oil was up 0.71% to $3.01 a gallon while natural gas was up 0.69% to $3.48 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.21% to $39.09. The United States Natural Gas ETF ( UNG ) is up 0.52% to $7.67.

In late-session energy news, shares of Chevron ( CVX ) are higher while Bloomberg reports the refiner may invest up to $40 billion to produce about 5 billion barrels of extra oil from a field along the border of Saudi Arabia and Kuwait.

Chevron would inject steam underground to make it liquid enough to pump up, the report said.

CVX shares are up 1.68%, or $1.73, to $104.56.

Meanwhile, Exxon Mobil ( XOM ) shares are higher while Bloomberg reports that the company sees Abu Dhabi changing the terms of its main oil producing concession - which dates back to 1993 - when it expires in 2014.

XOM shares are up 1.3%.

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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