Sector Update: Energy Shares Flat Pre-Market; Crude Oil Futures Trades Up

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Top Energy Stocks

XOM: flat

CVX: flat

COP: flat

SLB: flat

OXY: flat

Energy shares were flat in pre-market trade Tuesday as crude oil futures traded higher.

Light, sweet crude oil for May delivery was up 0.91% at $101.35 per barrel. In other energy futures, heating oil was up 0.46% at $2.90 per gallon while natural gas was down 0.27% at $4.46 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was flat at $36.28. The United States Natural Gas ETF ( UNG ) was up 0.40% at $25.02.

In other energy news, James River Coal Company ( JRCC ) and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of Virginia Richmond Division.

In conjunction with its restructuring, James River will enter into a $110 million debtor-in-possession (DIP) financing facility with several large financial funds. Upon approval by the Bankruptcy Court, the new financing and cash generated from James River's ongoing operations will be used to support the business during the restructuring process.



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 , JRCC

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