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Sector Update: Energy Shares Slip as Crude Oil Futures Trade Just Over $100 a Barrel

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NYMEX Benchmark Crude April: -$0.98 (-0.97%) to $100.24

Top Energy Stocks

XOM: -0.6%

CVX: -0.2%

COP: -1.4%

SLB: -2.7%

OXY: -0.8%

Energy shares are trading lower in mid-session trading as crude oil futures pare some earlier losses and now are trading above $100 a barrel.

Light, sweet crude oil for April delivery is trading down $0.98, or 0.97%, to $100.24 a barrel. In other energy futures, heating oil is up 0.43% to $3.04 a gallon while natural gas is up 2.85% to $4.00 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.47% to $40.50. The United States Natural Gas ETF ( UNG ) is up 2.79% to $10.69.

In mid-day news, Chevron ( CVX ) shares are down on a Reuters report that the oil major is targeting a 1% output increase this year as it looks to invest in two large Australian natural gas projects to restart growth.

Chevron is targeting average production of oil-equivalent products of 2.79 million bpd this year. That would equal 1 percent growth.

Chevron shares are down 0.18%, or $0.18, to $99.75.

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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