Sector Update: Energy

By Staff,

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Energy shares are flat to higher in pre-market, while crude oil futures are lower.

Light, sweet crude oil for December delivery is trading down $0.03 at $94.17 a barrel. In other energy futures, heating oil is up $0.01 at $2.84 a gallon while natural gas is up $0.04 at $3.56 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.03% at $33.96. The United States Natural Gas ETF ( UNG ) is up 1.32% at $17.44.

In other energy news, Statoil ( STO ) shares are down 2% in pre-market trade as it says it plans to drill from 20 to 25 exploration wells off shore in Norway, Platts reports.

STO is down 2% at $22.76 in pre-market trade.

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
Referenced Stocks: STO , UNG , USO

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