Markets
UNG

Sector Update: Energy Shares Mixed at Mid-Day; Crude Advancing Toward $88 a Barrel

NYMEX Benchmark Crude December: +$0.90 (+1.0%) to $87.58

Top Energy Stocks

XOM: -0.1%

CVX: +1.1%

COP: +1.0%

SLB: +0.6%

OXY: -0.01%

Energy stocks are mixed in mid-day trading as crude oil futures advance toward $88 a barrel.

Crude oil for December delivery is trading up 1%, or $0.90, to $87.58 a barrel. In other energy futures, heating oil is up 1.51% to $2.44 a gallon while natural gas fell 2.99%, to $4.08 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.11% to $37.83. The United States Natural Gas ETF ( UNG ) is down 2.81% to $5.87.

In mid-day energy news, Halliburton ( HAL ) is planning to increase its capital spending next year by at least one-fifth as it seeks to invest in new opportunities outside of the U.S. market, Reuters reported.

The company has cited its continued investment throughout the downturn as one reason for its outperformance over rivals, the report noted.

Halliburton shares are up 4.82%, or $1.61, to $34.83.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

UNG HAL USO

Other Topics

Commodities