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Energy Sector Update for 06/04/2018: USO, UNG, OBE

Top Energy Stocks

XOM: -0.1%

CVX: flat

COP: -1.2%

SLB: flat

OXY: flat

Energy shares were lower in pre-market trade Monday.

Light, sweet crude oil for July delivery was down 0.5% at $65.36 per barrel, while natural gas was up fractionally at $2.97 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.2% at $13.22 while the United States Natural Gas ETF ( UNG ) was up 0.1% at $24.05.

Expected movers:

- Obsidian Energy ( OBE ): boosts cardium development capital by $50 million; issues 2018 capital expenditure, annual production guidance

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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