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Sector Update: Energy Shares Slipping; Crude Oil Nears $100 a Barrel

NYMEX Benchmark Crude April: +$1.34 (+1.37%) to $99.43

Top Energy Stocks

XOM: -1.3%

CVX: +0.3%

COP: -1.9%

SLB: -2.1%

OXY: -0.4%

Energy shares are down in mid-session trading even as crude futures advance to near $100 a barrel.

Light, sweet crude oil for April delivery is trading up $1.34, or 1.37%, to $99.43 a barrel. In other energy futures, heating oil is up 1.28% to $2.94 a gallon while natural gas is down 2.56% to $3.80 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.23% to $40.29. The United States Natural Gas ETF ( UNG ) is down 2.28% to $5.14.

In mid-day news, Chevron ( CVX ) shares are higher after Reuters reported the company has started to drill an exploratory well at a site in Bangladesh to determine if gas reserves are present.

Chevron is planning to drill the exploratory well up to a 4,500-meter depth. Development will start next year.

Chevron shares are up 0.34%, or $0.35, to $102.62.

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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