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Energy Sector Update for 10/30/2018: BP, RIG, CHK


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Top Energy Stocks:

XOM: +0.1%

CVX: +0.02%

COP: - 1.8%

SLB: +0.5%

OXY: Flat

Energy stocks were mostly in positive territory in the pre-market session Tuesday.

Light, sweet crude oil for December delivery was down 1.4% at $66.09 per barrel, while natural gas for December delivery was up 1.5% at $3.25 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.8% while the United States Natural Gas ETF ( UNG ) was down 2.1%.

Early movers include:

(+) BP plc ( BP ) rose more than 2% after it reported its highest quarterly adjusted earnings in more than five years as upstream underlying production jumped against a backdrop of higher oil prices

In other sector news,

(+) Transocean LTD ( RIG ) rose nearly 3% after the provider of offshore contract drilling services reported late Monday stronger-than-expected earnings in Q3

(-) Chesapeake Energy ( CHK ) fell more than 14% following a Bloomberg report that said the company will buy Wildhorse in a deal valued at about $3.98 billion

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Energy
Referenced Symbols: USO , UNG , BP , RIG , CHK



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