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Energy Sector Update for 04/16/2019: BRS, TS, XOM, CVX, COP, SLB, OXY


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Top Energy Stocks:

XOM: +0.25%

CVX: +0.29%

COP: Flat

SLB: +0.22%

OXY: +0.22%

Top energy stocks were gaining pre-market Tuesday. West Texas Intermediate crude oil for May delivery was up $0.18 at $63.58 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude June contract gained $0.04 to $71.22 per barrel and May natural gas futures were flat at $2.59 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.23%, while the United States Natural Gas fund was flat.

Stocks moving on news include:

(-) Bristow Group ( BRS ), which was plunging by more than 34% after saying it has secured an extension to its overdue accounts while retaining advisers to find ways to strengthen its capital position.

(+) Tenaris ( TS ) was up more than 3% after an Argentine court of appeals reversed the Nov. 27 preliminary first-instance decision in the Notebooks Case on the basis of "absence of necessary and sufficient grounds" implicating its Chairman and CEO Paolo Rocca.

In other sector news:

(+) Chevron ( CVX ) was slightly higher after it received a favorable ruling from the Supreme Court of the Netherlands, preventing the enforcement of a $9.5 billion Ecuadorian judgment against the company.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Energy
Referenced Symbols: BRS , TS , CVX , XOM , COP




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