Energy shares have remained higher into the last hour of the regular session largely on the back of rising crude oil prices, which neared $91.50 a barrel. Crude oil for February delivery finished up $0.49, or 0.5%, to $91.49 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 0.54% to $38.92. The United States Natural Gas ETF ( UNG ) is up 3.55% to $5.84. The U.S Dollar Index (DXY) is up 0.01% to $80.37. In late-session energy news, several petroleum majors hit a fresh 52-week high today notes TheStreet.com, including Exxon Mobile ( XOM ), ConocoPhillips ( COP ), and Chevron ( CVX ). Meanwhile, shares of China Petroleum & Chemical Corp. (SNP) are down in late trading as it received state approval to expand its Yangzi plant in eastern China, Bloomberg reported, citing two refinery officials.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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