Sector Update: Energy Shares Higher in Pre-Market Trade; Hess, Newfield To Sell Asian Oil and Gas Stakes

By Staff,

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Top Energy Stocks

XOM: +0.70%

CVX: +0.17%

COP: +0.70%

SLB: +0.07%

OXY: flat

Energy shares are higher in pre-market trade, as energy stocks, along with other equities, are bouncing back from a broader sell off yesterday.

Light, sweet crude oil for June delivery is up $0.43 at $95.57 a barrel. In other energy futures, heating oil is up $0.02 at $2.88 a gallon while natural gas is up $0.01 at $3.89 per million British thermal units.

In energy ETFs , the United States Oil Fund ( USO ) is up 0.15% to $33.65. The United States Natural Gas ETF ( UNG ) is down 0.2% at $20.66.

In other energy news, Hess Corp ( HES ) and Newfield Exploration ( NFX ) are jockeying to sell part of their Asian oil and gas field stakes in two separate auctions with a combined value of about $3 billion, Reuters reports, citing "people familiar with the matter." HES is flat in pre-market at $64.28; NFX is flat at $23.25.

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: HES , NFX , UNG , USO

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