Top Energy Stocks
Energy shares traded mixed in pre-market trade Tuesday as crude
oil futures were slightly lower.
Light, sweet crude oil for August delivery was up 0.07% at
$106.24 per barrel. In other energy futures, heating oil was up
0.04% at $3.04 per gallon while natural gas was up 0.63% at $4.47
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) was up 0.05% at $39.18. The United States Natural Gas ETF (
) was up 0.49% at $24.81.
In other energy news, Tesoro (
) said late Monday that it has entered into an agreement through
which its Tesoro Logistics (
) subsidiary will acquire terminalling and pipeline assets owned by
Tesoro and two of its subsidiaries, Tesoro Refining & Marketing
Company and Tesoro Alaska Company.
Under the terms of the deal, TLLP will acquire three marketing
terminals, a storage facility and a refined products pipeline for
$270 million. The assets are expected to contribute estimated
additional annual EBITDA of $28 million.
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