Sector Update: Energy

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Energy shares are higher in pre-market trade, as energy stocks, along with other equities, are bouncing back from a broader sell off yesterday.

Light, sweet crude oil for June delivery is up $0.43 at $95.57 a barrel. In other energy futures, heating oil is up $0.02 at $2.88 a gallon while natural gas is up $0.01 at $3.89 per million British thermal units.

In energy ETFs , the United States Oil Fund ( USO ) is up 0.15% to $33.65. The United States Natural Gas ETF ( UNG ) is down 0.2% at $20.66.


In other energy news, Hess Corp ( HES ) and Newfield Exploration ( NFX ) are jockeying to sell part of their Asian oil and gas field stakes in two separate auctions with a combined value of about $3 billion, Reuters reports, citing "people familiar with the matter." HES is flat in pre-market at $64.28; NFX is flat at $23.25.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: HES , NFX , UNG , USO

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As of 12/19/2014, 04:15 PM


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