Sector Update: Energy


Energy shares were flat to higher in pre-market trade Monday, while crude oil futures were trading higher.

Light, sweet crude oil for March delivery was up 0.13% at $97.62 per barrel. In other energy futures, heating oil was down $0.01 at $2.98 per gallon while natural gas was down $0.18 at $4.77 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.32% at $34.69. The United States Natural Gas ETF ( UNG ) was down 1.99% at $23.70.

In other energy news, Oil and gas giant Chevron ( CVX ) said its Chevron Energy Technology Company unit has formed a technology alliance with GE's ( GE ) oil and gas division to create technologies for the oil and gas industry. CVX us up 0.6% 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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: CVX , GE , UNG , USO

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