Sector Update: Energy

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Energy shares are higher in pre-market, while crude oil futures are up toward $106 per barrel.

Light, sweet crude oil for September delivery is up $1.72 at $106.75 per barrel. In other energy futures, heating oil is up $0.04 at $3.09 a gallon while natural gas is down $0.02 at $3.43 per million British thermal units.

In energy ETFs , the United States Oil Fund ( USO ) is up 1.79% at $38.03. The United States Natural Gas ETF ( UNG ) is flat at $18.21.

In other energy news, PBF Energy ( PBF ) reports net income of $71.5 million, or $0.73 per share on a fully exchanged, fully diluted basis, as described below, compared to $336.2 million, or $3.45 per share, for Q2 2012. Revenues were $4.7 million, down from $5.1 million a year prior.

Analysts expected $0.82 per share for Q2. PBF is flat at $22.89 in pre-market.



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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: PBF , UNG , USO

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As of 10/24/2014, 04:15 PM

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