Energy shares are higher in pre-market, while crude oil futures
Light crude oil for December delivery is trading down $0.62 at
$98.06 a barrel.
In other energy futures, heating oil is down $0.02 at $2.95 a
gallon while natural gas is down $0.01 at $3.56 per million British
In energy ETFs, the United States Oil Fund (
) is flat at $35.54. The United States Natural Gas ETF (
) is down 0.05% at $18.18.
In other energy news, BP (
) shares are up about 4% in pre-market trade as its Q3 profit tops
Meanwhile, Eagle Rock Energy (
) is down about 16% at $6.20 as it lowered its dividend to $0.15
per common share for the quarter ended September 30, 2013,
equivalent to $0.60 per unit on an annualized basis.
The Q3 dividend represents a drop from the $0.22 per common
share paid for the second quarter due to the company being unable
"to generate insufficient distributable cash flow to cover the
$0.22 per unit distribution level" despite an improvement in
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