Sector Update: Energy

By Staff,

Shutterstock photo

Energy shares are lower in pre-market trading along with crude oil futures, which slipped below $96 a barrel ahead of the opening bell. Crude oil futures are lower with the January contract moving down $1.10 to $95.07 ahead of the equities open. Natural gas futures are higher with the most-active January contract tipping up $0.02 to $3.63 per million british thermal units. Meanwhile, shares of Chevron ( CVX ) are lower while Bloomberg reported yesterday that the oil major wasn't downgraded from its Class A status as an operator in Brazil. A downgrade had been suspected as a result of a spill at the company's Frade oil field. CVX shares are down 0.6%. in pre-market trading. Hydrogenics ( HYGS ) today announced that it has received an award to deliver one HySTAT 60 electrolyser, from Carbagas, a fully owned subsidiary of the Air Liquide group, as part of a complete electrolysis-based fueling station project.

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: CVX , HYGS

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by