Sector Update: Shares Mixed Pre-Market As Crude Oil Futures Firm

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Top Energy Stocks

XOM: -0.19%

CVX: -0.05%

COP: -0.44%

SLB: flat

OXY: +0.22%

Energy shares traded mixed in pre-market trade Wednesday as crude oil futures were slightly higher.

Light, sweet crude oil for August delivery was up 0.36% at $106.41 per barrel. In other energy futures, heating oil was down 0.46% at $3.04 per gallon while natural gas was up 0.37% at $4.55 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.08% at $39.12. The United States Natural Gas ETF ( UNG ) was up 0.88% at $25.28.

In other energy news, Tesoro ( TSO ) said late Monday that it has entered into an agreement through which its Tesoro Logistics ( TLLP ) subsidiary will acquire terminalling and pipeline assets owned by Tesoro and two of its subsidiaries, Tesoro Refining & Marketing Company and Tesoro Alaska Company.

Under the terms of the deal, TLLP will acquire three marketing terminals, a storage facility and a refined products pipeline for $270 million. The assets are expected to contribute estimated additional annual EBITDA of $28 million.

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This article appears in: Investing , Commodities
More Headlines for: USO , UNG , TSO , TLLP


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