Sector Update: Energy

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

Light crude oil for November delivery is trading up $0.04 at $96.90 barrel. In other energy futures, heating oil is down $0.01 at $2.91 a gallon while natural gas is down $0.03 at $3.59 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.4% at $34.82. The United States Natural Gas ETF ( UNG ) is down 0.5% at $18.41.

In other energy news, Whiting Petroleum Corp. ( WLL ) is up 1.3% at $64.08 after-hours as the company reports Q3 EPS of $1.28, better than Capital IQ consensus estimates of $1.08, higher than prior year Q3 EPS of $0.77.

Revenues of $831.0 million handily topped CIQ consensus estimates of $695.6 million, and were higher than revenues of $530.5 million reported in Q3 2012.



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: UNG , USO , WLL

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