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.

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

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