Sector Update: Energy Shares Flat Pre-Market; Crude Oil Futures Hover Under $93 Per Barrel

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Top Energy Stocks

XOM: -0.54%

CVX: +0.17%

COP: flat

SLB: flat

OXY: flat

Energy shares are flat to lower, while crude oil futures are higher.

Light, sweet crude oil for February delivery is trading up 0.53% at $92.86 per barrel. In other energy futures, heating oil is up $0.01 at $2.97 per gallon while natural gas is down $0.07 at $4.15 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is flat at $33.16. The United States Natural Gas ETF ( UNG ) is down 1.3% at $20.23.

In other energy news, ONEOK ( OKE ) shares are steady after it said late yesterday that it will separate its natural gas distribution business into a stand-alone, publicly traded company that will be called ONE Gas, Inc.

ONEOK shareholders of record at the close of business on Jan. 21, 2014, will retain their current shares of ONEOK stock and receive one share of ONE Gas stock for every four shares of ONEOK stock owned.



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: OKE , UNG , USO

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