Sector Update: Energy Shares Flat to Lower as Crude Futures Rise

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Top Energy Stocks

XOM: -0.41%

CVX: flat

COP: flat

SLB: -0.62%

OXY: flat

Energy shares are flat to lower in pre-market, while crude oil futures are a bit higher.

Light, sweet crude oil for November delivery is trading up $0.03 at $102.07 a barrel. In other energy futures, heating oil is down $0.02 at $2.97 a gallon while natural gas is up $0.02 at $3.62 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.19% at $36.75 The United States Natural Gas ETF ( UNG ) is up 0.54% at $18.64.

In other energy news, Western Refining Logistics, a wholly owned subsidiary of Western Refining, ( WNR ) launched its initial public offering of 12,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission.

WNRL will grant the underwriters a 30-day option to purchase from WNRL up to an additional 1,875,000 common units, at the initial public offering price. The common units being offered to the public have been approved for listing on the New York Stock Exchange and will be traded under the symbol "WNRL," subject to official notice of issuance.



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: UNG , USO , WNR

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As of 9/16/2014, 02:34 PM

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