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Energy Sector Update for 05/15/2018: USO, UNG, GDP, AMID, AZRE

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Top Energy Stocks

XOM: +0.3%

CVX: +0.1%

COP: +0.6%

SLB: +0.4%

OXY: flat

Energy shares were higher in pre-market trading Tuesday. Industry group the American Petroleum Institute's weekly inventory report is out at 4:30 pm.

Light, sweet crude oil for June delivery was up 0.5% at $71.47 per barrel, while natural gas was up fractionally at $2.85 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.8% at $14.48 while the United States Natural Gas ETF ( UNG ) was up 0.6% at $23.28.

Expected movers:

- Goodrich Petroleum ( GDP ): misses Q1 expectations; cuts 2018 production guidance

- American Midstream Partners ( AMID ): Q1 net loss narrows vs yr-ago, revenue improves YoY

- Azure Power Global ( AZRE ): says portfolio now surpasses 1 GW of operating solar capacity

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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