Markets

Energy Sector Update for 06/14/2017: XOM, CVX, COP, SLB, OXY, BLDP, SOL, APC

An image of a pen and a calculator
Credit: Shutterstock photo

Top Energy Stocks

XOM: -0.1%

CVX: -0.1%

COP: flat

SLB: flat

OXY: flat

Energy shares were flat to lower ahead of Wednesday's open, following the report of the American Petroleum Institute (API), which said inventories had a build of 2.8 million barrels for the week ended May 9, versus forecasts for a draw of 2.7 million barrels. The Energy Information Administration ( EIA ) will release its inventory report at 10:30 am ET.

Light, sweet crude oil for July delivery was down 0.6% at $46.18 per barrel. In other energy futures, heating oil was down 0.1% at $1.45 per gallon while natural gas was 0.7% lower at $2.95 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.7% at $9.60 while the United States Natural Gas ETF ( UNG ) was down 0.5% at $6.65.

In energy stocks news, Ballard Power Systems ( BLDP ) was up 1.7% after it said that its Protenex subsidiary has received an initial order for its fuel cell propulsion system, from FlyH2 Aerospace, a South Africa-based developer of hydrogen fuel cell powered unmanned aerial vehicles for commercial applications. Commercial terms of the deal were not disclosed.

In other sector news,

(+) SOL, (+8%) CEO offers to buy Manufacturing and LED Distribution businesses

(-) APC (-2%) Barclays downgrades shares to underweight from equal weight

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

BLDP UNG XOM USO

Other Topics

Energy

Latest Markets Videos