Sector Update: Energy

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

Light, sweet crude oil for March delivery is trading up $0.31 at $97.04 per barrel. In other energy futures, heating oil is flat at $2.98 per gallon while natural gas is up $0.20 at $4.89 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.44% at $34.14. The United States Natural Gas ETF ( UNG ) is rallying 2.7% at $22.16.

In other energy news, Noble Corporation ( NBL ) is lower in pre-market trading after the company reported mixed financial results for Q4, with EPS matching Street estimates, but beating on revenues.

Noble reported Q4 earnings of $0.82 per share, ex one-time items, compared with the prior-year period's $0.50 per share. Revenues were $1.17 billion, up from $966 million in the same quarter last year.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: NBL , UNG , USO

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As of 7/23/2014, 01:20 PM