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Energy Sector Update for 02/15/2018: XOM, CVX, COP, SLB, OXY, USO, UNG, ALE, CVE, TRP

Top Energy Stocks

XOM: +0.3%

CVX: -0.6%

COP: +1.3%

SLB: +0.9%

OXY: flat

Energy shares were higher in pre-market trade Thursday. The EIA natural-gas domestic inventories release is at 10:30.

Light, sweet crude oil for March delivery was down 0.2% at $60.36 per barrel, while natural gas was down fractionally at $2.57 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.3% at $12.15 while the United States Natural Gas ETF ( UNG ) was down 1.6% at $21.63.

Expected movers:

- Allete ( ALE ): Q4 EPS declines vs. prior year, revenue misses Street estimate

- Cenovus Energy ( CVE ): reports Q4 earnings rise

Other news:

- TransCanada ( TRP ): to move forward with $2.4 billion expansion of NGTL System

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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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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