Sector Update: Energy

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Energy shares were mixed in pre-market trade Friday as crude oil futures rose.

Light, sweet crude oil for August delivery was up 0.13% at $103.32 per barrel. In other energy futures, heating oil was up 0.4% at $2.87 per gallon while natural gas was up 0.25% at $3.96 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.05% at $37.85. The United States Natural Gas ETF ( UNG ) was up 0.14% at $21.90.

In other energy news, Entergy ( ETR ) shares may come under pressure in pre-market trade Friday after the U.S. sued the energy company for refusing to report affirmative action compliance, Reuters reports.

U.S. District Court in New Orleans said Entergy has refused repeated requests from the Labor Department to submit its written affirmative action programs and related records since May 2012.

And, Key Energy Services ( KEG ) said it expects to report a Q2 loss on lower consolidated revenue as production-driven businesses outside of California did not see sufficient activity increases to offset lower activity in California.



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 , ETR , KEG

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