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UNG

Energy Sector Update for 10/01/2015: USO,UNG, PWE

Top Energy Stocks

XOM: +0.7%

CVX: flat

COP: flat

SLB: +0.6%

OXY: flat

Energy shares were mainly unchanged in pre-market trade Thursday as crude oil futures rose.

Light, sweet crude oil for November delivery was up 1.0% at $46.12 per barrel. In other energy futures, heating oil was up 2.1% at $1.39 per gallon while natural gas was up 1.4% at $14.89 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 1.4% at $14.89 while the United States Natural Gas ETF ( UNG ) was down 0.4% at $11.56.

In other energy news, Penn West Petroleum Ltd ( PWE ) Thursday reported the sale of its non-operated 9.5% working interest in the 2,500 bbl/d Weyburn Unit in Southeast Saskatchewan oilfield for $205 million cash, and said it plans to cut debt with proceeds. The deal is expected to close in Q4, but with an effective date of July 1.

Shares in the company were unchanged at $0.45 pre-bell. Over the past 52 weeks, the company has traded between $0.45 and $6.43.

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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