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Energy Sector Update for 07/05/2016: USO, UNG, NBL


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Top Energy Stocks

XOM: -0.9%

CVX: -0.8%

COP: -2.1%

SLB: -1.1%

OXY: -0.2%

Energy shares had a weaker bias off the open on Tuesday as crude oil futures were lower.

Light, sweet crude oil for September delivery was down 3.0% at $47.54 per barrel. In other energy futures, natural gas was 4.2% lower at $1.61 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 3.4% at $11.38 while the United States Natural Gas ETF ( UNG ) was down 5.3% at $8.38.

In other energy news, Noble Energy ( NBL ) said Tuesday that it has signed a definitive agreement to divest a 3% working interest in the Tamar offshore field in Israel to the Harel Group, an insurance provider and pension manager, in partnership with Israel Infrastructure Fund ( IIF ) in a transaction valued at $369 million.

Shares in the company were down 1.6% in early trading. The stock has traded between $23.77 and $40.98 over the past 52 weeks.

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

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This article appears in: Investing , Energy
Referenced Symbols: USO , UNG , NBL , IIF


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