Sector Update: Energy

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

Light crude oil for November delivery is trading down $0.05 at $103.44 a barrel. In other energy futures, heating oil is down $0.01 at $3.03 a gallon while natural gas is down $0.02 at $3.70 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.16% at $37.25. The United States Natural Gas ETF ( UNG ) is down 0.31% at $19.04.

In other energy news, Suntech Power ( STP ) is up 12% in pre-market trade as the Financial Times reports two Chinese Companies made tender bids among bankruptcy proceedings.



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: STP , UNG , USO

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As of 11/24/2014, 04:15 PM

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