Markets
UNG

Energy Sector Update for 05/06/2016: USO, UNG, MNGA

Top Energy Stocks

XOM: -1.0%

CVX: -0.9%

COP: flat

SLB: flat

OXY: flat

Energy shares were leaning lower in pre-market trade on Friday as crude oil futures were lower.

Light, sweet crude oil for June delivery was down 1.4% at $43.70 per barrel. In other energy futures, heating oil was 1.1% lower at $0.85 per gallon while natural gas was 1.3% lower at $1.61 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 1.4% at $10.75 while the United States Natural Gas ETF ( UNG ) was down by 1.7% at $6.63.

In other energy news, MagneGas ( MNGA ) shares were up by 15.2% at $1.14 pre-market after the company, which patented a process that converts liquid waste into MagneGas2 fuel, said a major Southeast distributor has placed its first order to supply four of its locations in Alabama.

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.

In This Story

UNG USO

Other Topics

Energy

Latest Markets Videos