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Energy Sector Update for 07/16/2018: USO, UNG, MDU, TDW, GLF


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Top Energy Stocks

XOM: -1.0%

CVX: -1.0%

COP: -1.4%

SLB: -1.0%

OXY: -1.3%

Energy shares were lower in pre-market trading Monday.

Light, sweet crude oil for August delivery was down 1.1% at $69.88 per barrel, while natural gas was up fractionally at $2.77 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 2.1% at $14.16 while the United States Natural Gas ETF ( UNG ) was down 0.7% at $22.26.

Expected movers:

- MDU Resources ( MDU ): acquires Oregon's Molalla Redi-Mix; deal seen as accretive to FY18 EPS

- Tidewater ( TDW ), GulfMark ( GLF ): boards approve merger

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 , MDU , TDW , GLF



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