Markets

Energy Sector Update for 03/06/2018: USO, UNG, BTE, CDEV, CVX

Top Energy Stocks

XOM: +0.8%

CVX: +0.8%

COP: flat

SLB: flat

OXY: +1.6%

Energy shares were higher in pre-market trading Tuesday.

Light, sweet crude oil for April delivery was up 0.6% at $63.16 per barrel, while natural gas was up fractionally at $2.73 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.8% at $12.69 while the United States Natural Gas ETF ( UNG ) was up 0.9% at $22.73.

Expected movers:

- Baytex Energy ( BTE ): swings to Q4 profit, revenue tops estimate

- Centennial Resource Development ( CDEV ): selling stockholders move to offload 25 million shares

Other news:

- Chevron ( CVX ): CEO says aiming to grow free cash flow even with no commodity price appreciation

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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