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Energy Sector Update for 07/05/2019: TOT, EQNR, SEMG, DCP, XOM, CVX, COP, SLB, OXY


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Top Energy Stocks:

XOM: -0.58%

CVX: Flat

COP: -0.41%

SLB: Flat

OXY: -0.10%

Energy giants were mixed in pre-market trading Friday. West Texas Intermediate crude oil for August delivery was down $0.77 at $56.57 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude September contract gained $0.01 to $63.31 per barrel and August natural gas futures were 7 cents higher at $2.36 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.25%, while the United States Natural Gas fund was 4.75% higher.

In other sector news:

(-) Total ( TOT ) was slightly lower after the company and its partners approved the $300 million, phase three development of the onshore Dunga field in western Kazakhstan.

(-) Equinor ( EQNR ) was down 1% even after announcing an oil discovery in the Oseberg Vestflanken field in the North Sea.

(=) Semgroup ( SEMG ) and DCP Midstream ( DCP ) were unchanged after they launched a supplemental open season on the Wattenberg pipeline, the White Cliffs pipeline, and the Southern Hills pipeline, which will connect Weld County, Colo., to Mont Belvieu, Texas.

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: TOT , EQNR , SEMG , DCP , XOM



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