Sector Update: Energy Shares Higher; May Crude Eases, But Holds Above $108 a Barrel

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NYMEX Benchmark Crude May: (+0.43%) to $108.16

Top Energy Stocks

XOM: +0.8%

CVX: +1.1%

COP: +0.8%

SLB: +0.8%

OXY: +1.2%

Energy shares are higher in mid-session trading as May crude oil futures, under some pressure, still hold above $108 a barrel.

Light, sweet crude for May delivery is trading down 0.43% to $108.16 a barrel. In other energy futures, heating oil is down 0.55% to $3.16 a gallon while natural gas is up 2.95% to at $4.26 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.19% to $42.95. The United States Natural Gas ETF ( UNG ) is up 2.31% to $11.05.

In mid-day energy sector news, Kodiak Oil & Gas ( KOG ) says it is negotiating to contract a fourth rig for delivery in Q4.

It controls a 40% to 50% working interest in wells being drilled by a non-operated drilling rig as part of its Dunn County, N.D. area of mutual interest with ExxonMobil ( XOM ).

Kodiak shares are up 8.2%.



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: KOG , UNG , USO , XOM

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