Sector Update: Energy Shares Higher as Crude Trades up Toward $102 Per Barrel

By Staff,

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Top Energy Stocks

XOM: +0.24%

CVX: +0.17%

COP: +0.30%

SLB: +1.98%

OXY: +1.65%

Energy shares are higher in pre-market, while crude oil futures are also gaining.

Light crude oil for November delivery is trading up $0.70 at $101.37 a barrel. In other energy futures, heating oil is up $0.03 at $3.02 a gallon while natural gas is down $0.05 at $3.70 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.74% at $36.66. The United States Natural Gas ETF ( UNG ) is down 0.88% at $19.16.

In other energy news, Schlumberger ( SLB ) reported Q3 earnings of $1.29 per share, ex one-time items, versus the Capital IQ consensus of $1.24. Revenues were $11.61 billion, versus the analyst estimate of $11.58 billion.

In the same period last year, the company reported EPS of $1.04 on revenues of $10.5 billion. Shares closed at $91.43 with a 52-week range of $66.85 - $92.39.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SLB , UNG , USO

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