Markets

Energy Sector Update for 05/31/2018: USO, UNG, KEN, HMLP

Top Energy Stocks

XOM: -0.3%

CVX: flat

COP: -0.4%

SLB: flat

OXY: flat

Energy shares were lower in pre-market trading Thursday. The EIA releases its much-watched domestic oil inventories bulletin at 10:30 am, and its natural-gas inventories post at 11 am.

Light, sweet crude oil for July delivery was down 0.7% at $67.55 per barrel, while natural gas was up fractionally at $2.94 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 1.3% at $13.64 while the United States Natural Gas ETF ( UNG ) was up 1.5% at $23.72.

Expected movers:

- Kenon Holdings ( KEN ): swings to Q1 profit, revenue increases vs. prior year

- Hoegh LNG Partners LP ( HMLP ): posts Q1 EPS beat, misses on revenue

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

HMLP KEN UNG USO

Other Topics

Energy

Latest Markets Videos