Sector Update: Energy
Energy shares were flat to higher in pre-market trade Monday, while crude oil futures were trading higher.
Light, sweet crude oil for March delivery was up 0.13% at $97.62 per barrel. In other energy futures, heating oil was down $0.01 at $2.98 per gallon while natural gas was down $0.18 at $4.77 per million British thermal units.
In other energy news, Oil and gas giant Chevron ( CVX ) said its Chevron Energy Technology Company unit has formed a technology alliance with GE's ( GE ) oil and gas division to create technologies for the oil and gas industry. CVX us up 0.6% pre-market.