Energy shares were higher pre-market Monday as crude oil futures
Light, sweet crude oil for May delivery was down 0.26% at
$101.41 per barrel. In other energy futures, heating oil was down
0.27% at $2.94 per gallon while natural gas was down 0.18% at $4.48
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) was down 0.11% at $36.58. The United States Natural Gas ETF (
) was down 0.6% at $24.85.
In other energy news, MagneGas (
) shares were jumping in pre-bell trade after the company said it
signed an expanded joint venture agreement with technology partner
Future Energy Pty Ltd of Australia.
Under the terms of the agreement, both parties will own 50% of a
new company formed for the purpose of developing, licensing and
commercializing new intellectual property for co-combustion of
MagneGas fuels with hydrocarbon fuels to reduce emissions and
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.