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Energy Sector Update for 03/08/2018: USO, UNG, HES, FMSA, TOT, FP.PA

Top Energy Stocks

XOM: +0.3%

CVX: flat

COP: flat

SLB: flat

OXY: flat

Energy shares were treading water in pre-market trading Thursday. The EIA domestic natural gas inventories report is out at 10:30 am.

Light, sweet crude oil for April delivery was up 0.1% at $61.20 per barrel, while natural gas was up fractionally at $2.78 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.2% at $12.33 while the United States Natural Gas ETF ( UNG ) was up 0.04% at $23.26.

Expected movers:

- Hess ( HES ): authorizes shares buyback of $1 billion for 2018

- Fairmount Santrol ( FMSA ): Q4 results miss Street expectations

News from overseas:

- Total (TOT, FP.PA): acquires Denmark-based Maersk Oil

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.


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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