Sector Update: Energy

By
A A A

Energy shares were mixed in pre-market trade Wednesday as crude oil futures traded higher.

Light, sweet crude oil for May delivery was up 0.26% at $102.83 per barrel. In other energy futures, heating oil was up 0.34% at $2.94 per gallon while natural gas was up 0.51% at $4.56 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.41% at $37.05. The United States Natural Gas ETF ( UNG ) was up 0.67% at $25.43.

In other energy news, independent oil and liquid natural gas exploration and production company Athlon Energy ( ATHL ) said late Tuesday that it has entered into multiple definitive agreements with five unrelated third-party sellers to acquire certain producing properties and undeveloped acreage for an aggregate purchase price of $873 million in cash.

The properties are 100% operated and are concentrated primarily on the western side of the northern Midland Basin in Martin, Upton, Andrews, and Glasscock counties, near the company's existing operating areas.



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 , ATHL

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

56,834,794
    $15.52 unch
47,736,761
  • $94.72 ▲ 0.83%
41,992,984
  • $2.47 ▲ 11.76%
40,893,734
  • $34.7901 ▲ 2.14%
39,324,803
  • $69.27 ▼ 0.19%
39,276,613
  • $7.28 ▲ 2.68%
39,084,483
  • $44.83 ▼ 0.01%
33,527,212
  • $26.02 ▲ 0.15%
As of 7/22/2014, 04:03 PM