Sector Update: Energy Shares Down; Crude Climbs Toward $108 Per Barrel

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Top Energy Stocks

XOM: -0.03%

CVX: +0.45%

COP: -0.47%

SLB: -0.67%

OXY: -0.48%

Energy shares are lower in pre-market, while crude oil futures are up toward $108 per barrel.

Light, sweet crude oil for October delivery is up $1.88 per share at $107.80 per barrel. In other energy futures, heating oil is up $0.04 at $3.12 a gallon while natural gas is down $0.05 at $3.47 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.69% at $38.60. The United States Natural Gas ETF ( UNG ) is down 0.22% at $18.54.

In other energy news, U.S. Silica Holdings ( SLCA ) says it has signed a multi-year agreement with Wildcat Minerals, which provides the company with potential sand storage and rail capacity at 16 of Wildcat's sand storage facilities, located near several major unconventional oil and gas shale basins.

With the addition of these new sites, the company now has in basin storage capacity at 40 transloads located near all of the major shale basins in the United States. Financial terms were not disclosed. SLCA is flat at $22.95 pre-market, having closed down 1.3%.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: SLCA , UNG , USO

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