Energy Sector Update for 08/30/2018: USO, UNG, RDS.A, RDS.B, BP, GLF, TDW, TRP

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Top Energy Stocks

XOM: flat

CVX: +0.3%

COP: +0.1%

SLB: flat

OXY: flat

Energy shares were steady in pre-market trading Thursday. The EIA natural gas report is out at 10:30 am EDT.

Light, sweet crude oil for October delivery was up 0.5% at $69.89 per barrel, while natural gas was up fractionally at $2.88 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.3% at $14.70 while the United States Natural Gas ETF ( UNG ) was up 0.6% at $23.70.

Expected movers:

- Total ( TOT ), Shell (RDS.A, RDS.B), BP ( BP ): win approval for their pre-salt oil bids in Brazil

- GulfMark Offshore ( GLF ): Tidewater Inc. (TDW) files a joint proxy statement/registration statement in connection with proposed merger

- TransCanada (TRP): receives consents to amend TransCanada PipeLines' 1993 indenture; says special meeting of holders of 1970 notes to proceed

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 , TOT , BP ,

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