Sector Update: Energy Shares Higher Pre-Market as Crude Oil Futures Sink

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Top Energy Stocks

XOM: +0.31%

CVX: +0.47%


COP: +0.36%

SLB: +0.05%

OXY: +0.47%

Energy shares were higher pre-market Monday as energy futures traded lower.

Light, sweet crude oil for May delivery was down 0.26% at $101.41 per barrel. In other energy futures, heating oil was down 0.27% at $2.94 per gallon while natural gas was down 0.18% at $4.48 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.11% at $36.58. The United States Natural Gas ETF ( UNG ) was down 0.6% at $24.85.

In other energy news, MagneGas ( MNGA ) shares were jumping in pre-bell trade after the company said it signed an expanded joint venture agreement with technology partner Future Energy Pty Ltd of Australia.

Under the terms of the agreement, both parties will own 50% of a new company formed for the purpose of developing, licensing and commercializing new intellectual property for co-combustion of MagneGas fuels with hydrocarbon fuels to reduce emissions and increase energy.



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: USO , UNG , MNGA

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As of 12/24/2014, 02:12 PM


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