Sector Update: Energy Shares Down As Crude Future Drop Toward $97 Per Barrel

By
A A A

Top Energy Stocks

XOM: -0.55%

CVX: -0.12%

COP: -0.35%

SLB: -0.33%

OXY: -0.27%

Energy shares are lower in pre-market, while crude oil futures are also lower.

Light crude oil for November delivery is trading down $1.23 at $97.07 a barrel.

In other energy futures, heating oil is down $0.01 at $2.98 a gallon while natural gas is up $0.02 at $3.60 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.58% at $34.85. The United States Natural Gas ETF ( UNG ) is up 0.11% at $18.45.

In other energy news, GE ( GE ) is down 0.7% at $25.85 in pre-market after saying it will sell its turbine rental business to APR Energy in return for cash and approximately 16.5 percent of APR Energy, making GE a key strategic investor in the company.

Additionally, GE and APR Energy have entered into a supply and services agreement that will continue to provide support to current and future clients of APR Energy.



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: GE , UNG , USO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

89%
88%
100%

Most Active by Volume

74,282,785
  • $10.84 ▲ 11.64%
60,794,128
  • $17.12 ▲ 0.71%
55,628,662
  • $35.59 ▼ 1.00%
55,306,290
  • $116.47 ▲ 0.14%
55,118,241
  • $39.75 ▼ 0.43%
53,597,648
  • $9.41 ▲ 8.29%
41,889,990
  • $47.98 ▼ 1.48%
35,692,375
  • $97.34 ▼ 0.57%
As of 11/21/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com