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 Nasdaq, Inc.

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This article appears in: Investing , Commodities
More Headlines for: KOG , UNG , USO , XOM


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