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Energy Sector Update: April 11, 2011

Financial News Network
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April 11, 2011 AT 7:32 PM
Energy shares are mixed to lower in mid-day trading as crude oil futures slipped throughout the morning to trade under $110 a barrel. Light, sweet crude oil for May delivery is trading down 2.6% to $109.86 a barrel. In other energy futures, heating oil was down 1.79% to $3.26 a gallon while natural gas was up 1.44% to $4.09 per million British thermal units. In mid-day energy news, shares of BHP Billiton (BHP) are higher as Bloomberg reports the world's largest mining company squelched speculation that it plans to buy Royal Dutch Shell's stake in Woodside Petroleum. The Sunday Times reported Sunday that BHP was in talks with Shell, who was being advised by UBS. BHP shares are up 1.6%, or $1.62, to $102.92.