Sector Update: Energy

By Staff,

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

Light, sweet crude oil for November delivery is trading up $0.52 at $103.65 a barrel. In other energy futures, heating oil is up $0.03 at $2.99 a gallon while natural gas is up $0.03 at $3.60 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.38% at $37.36. The United States Natural Gas ETF ( UNG ) is up 0.98% at $18.57.

In other energy news, Cnooc ( CEO ) says it will add five liquefied natural gas receiving terminals by 2015, Reuters reports. The move will double its import capacity. CEO is flat in pre-market at $203.78.

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: CEO , UNG , USO

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