Energy shares were mixed in pre-market trade Thursday as crude
oil futures sank.
Light, sweet crude oil for September delivery was down 0.82% at
$99.45 per barrel. In other energy futures, heating oil was down
0.29% at $2.89 per gallon while natural gas was up 0.42% at $3.80
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) was down 0.08% at $36.89. The United States Natural Gas ETF (
) was up 1.44% at $20.79.
In other energy news, ConocoPhillips (
) reported Q2 earnings that were in line with analysts'
COP is trading in the upper half of the 52-week range between
$62.74 and $87.09.
The exploration and production company said earnings rose to
$1.61 per share from $1.41 the year earlier, equal to the average
estimate from analysts polled by Capital IQ. It didn't provide a
revenue figure for the quarter.
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