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Energy Sector Update for 04/02/2015: USO, UNG, HERO

Top Energy Stocks

XOM: -0.65%

CVX: -0.66%

COP: -0.68%

SLB: -0.30%

OXY: -1.05%

Energy shares were lower just after Thursday's opening bell with crude-oil futures sliding more than 2%, reversing from Wednesday's rally.

Light, sweet crude oil for May delivery was down 2.0% at $49.08 a barrel. In other energy futures, heating oil was down 2.7% at $1.70 a gallon while natural gas was up $0.69 at $2.62 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 1.4% at $17.34. The United States Natural Gas ETF ( UNG ) is up 0.7% at $13.10.

In energy stocks news, Hercules Offshore ( HERO ), which supplies services to the oil and gas industry, said it has signed a five-year contract with a unit of Italy's ENI SpA for the use of its Hercules 260 jackup rig in West Africa. HERO was up more than 17% at $0.53 per share.

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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