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Energy Sector Update for 07/11/2019: ENB, TALO, CVE, XOM, CVX, COP, SLB, OXY


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Top Energy Stocks:

XOM: +0.37%

CVX: Flat

COP: +0.36%

SLB: +0.22%

OXY: +0.56%

Energy giants were advancing in pre-market trading Thursday. West Texas Intermediate crude oil for August delivery was up $0.16 at $60.59 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude September contract gained $0.09 to $67.10 per barrel and August natural gas futures were 3 cents higher at $2.47 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.32%, while the United States Natural Gas fund was 1.09% higher.

In other sector news:

(+) Enbridge ( ENB ) lowered the minimum volume required for shipping oil through its Mainline pipeline by nearly two-thirds to accommodate smaller producers, the Canadian energy transportation company told Reuters. Enbridge was recently edging higher.

(=) Talos Energy ( TALO ) was flat after it amended its credit facility, raising the total commitments to $850 million from $600 million.

(=) Cenovus Energy ( CVE ) was unchanged after saying it has reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in Northern Alberta.

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: ENB , TALO , CVE , XOM , CVX



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