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Sector Update: Energy
By: MT Newswires
Energy shares are flat to lower in pre-market, while crude oil futures is lower.
Light crude oil for November delivery is trading down $0.05 at $103.44 a barrel. In other energy futures, heating oil is down $0.01 at $3.03 a gallon while natural gas is down $0.02 at $3.70 per million British thermal units.
In other energy news, Suntech Power ( STP ) is up 12% in pre-market trade as the Financial Times reports two Chinese Companies made tender bids among bankruptcy proceedings.