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Energy Sector Update for 05/05/2016: USO, UNG, CHK

Top Energy Stocks

XOM: +1.1%

CVX: +1.2%

COP: +2.4%

SLB: +1.5%

OXY: flat

Energy shares were mainly higher in pre-market trade on Thursday as crude oil futures extended Wednesday's gains while Canadian wildfires disrupted oil production in Alberta.

Light, sweet crude oil for June delivery was up 4.8% at $45.86 per barrel. In other energy futures, heating oil was 2.7% higher at $0.85 per gallon while natural gas was 0.8% higher at $1.61 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 4.5% at $11.28 while the United States Natural Gas ETF ( UNG ) was 1.2% higher at $7.01.

In other energy news, Chesapeake Energy ( CHK ), a producer of natural gas, oil and natural gas liquids, reported Thursday its financial results for Q1 2016 that topped analyst estimates.

Shares in the company were 12.2% higher at $6.34 pre-bell. The stock has traded between $1.50 and $15.76 over the past 52 weeks.

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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