Top Energy Stocks
XOM: + 0.9%
CVX: + 0.6%
Energy shares were steady in pre-market trading Tuesday.
Ahead, the American Petroleum Institute reports weekly industry estimates of crude and refined product stocks for last week at 4:30 pm EDT. Expectations are for a 3.367 million barrels decline in crude inventories, a 1.433 million barrels drop in gasoline supplies and a 100,000 barrels fall in distillates. On Wednesday, the Energy Information Administration will release official data at 10:30 am EDT.
Light, sweet crude oil for September delivery was up 1.0% at $69.72 per barrel, while natural gas was up fractionally at $2.86 per million Btu.
- Exxon Mobil ( XOM ): reportedly close to discovering large oil reserves in Pakistan
- Bonanza Creek Energy ( BCEI ): sells Mid-Continent operations for $117 million
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