Sector Update: Energy Shares Mixed; Crude Futures Drop Toward $97 Per Barrel


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Top Energy Stocks

XOM: +0.30%

CVX: -0.07%

COP: flat

SLB: flat

OXY: -0.08%

Energy shares are mixed in pre-market, while crude oil futures decline.

Light crude oil for December delivery is trading down $0.93 at $97.27 a barrel. In other energy futures, heating oil is up $0.01 at $2.98 a gallon while natural gas is flat at $3.63 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is flat at $35.41. The United States Natural Gas ETF ( UNG ) is down -0.22% at $18.01.

In other energy news, EXCO Resources Inc. ( XCO ) is down 2.9% at $6.40 in pre-market trade after it reported adjusted Q3 net income of $0.04 per share, down from a $0.13 profit in the year-ago quarter but trailing analyst expectations by $0.06 per share.

Revenue rose 16.7% year over year to $165.3 million, also trailing the Capital IQ consensus expecting $188.92 million in quarterly revenue.

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
More Headlines for: UNG , USO , XCO

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