Sector Update: Energy Shares Flat Pre-Market As Crude Oil Futures Lift

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Top Energy Stocks

XOM: flat

CVX: flat

COP: -0.37%

SLB: flat

OXY: flat

Energy shares were flat in pre-market trade Monday as crude oil futures rose.

Light, sweet crude oil for August delivery was up 0.26% at $103.40 per barrel. In other energy futures, heating oil was up 0.14% at $2.85 per gallon while natural gas was down 2.20% at $3.86 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.29% at $37.84. The United States Natural Gas ETF ( UNG ) was down 1.56% at $21.43.

In other energy news, Diamondback Energy ( FANG ) said it entered into a definitive purchase agreement to acquire additional leasehold interests in Midland, Glasscock, Reagan and Upton Counties, Texas in the Permian Basin, for about $538.0 million.

This transaction includes 16,773 gross (13,136 net) acres with a 78% working interest (approximately 75.1% net revenue interest).



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: USO , UNG , FANG

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