Energy shares are higher in pre-market, while crude oil futures
are down toward $107 per barrel.
Light, sweet crude oil for October delivery is down $0.45 per
share at $107.20 per barrel. In other energy futures, heating oil
is up $0.01 at $3.15 a gallon while natural gas is up $0.07 at
$3.65 per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.26% at $38.38. The United States Natural Gas ETF (
) is up 1.2% at $19.17.
In other energy news, Forest Oil Corporation (
) said it agreed to sell some of its largely undeveloped acreage in
the Permian Basin of West Texas for about $35 million to reduce
The transaction includes approximately 58,200 gross acres in
Crockett County, Texas. The sale is expected to close on or before
September 10, 2013.
The company didn't name the buyer. The shares are trading in a
52-week range of $3.77 - $9.32.
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