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Energy Sector Update for 11/17/2015: MPC, MWE

Top Energy Stocks

XOM: -0.6

CVX: +0.1

COP: flat

SLB: -0.5

OXY: flat

Energy shares were mixed in pre-market trade on Tuesday as crude oil futures fell.

Light, sweet crude oil for December delivery declined 1.2% to $41.25 a barrel. In other energy futures, natural gas plunged 2.9% to $2.32 per million British thermal units ( BTU ), while heating oil declined 0.2% to $1.3830 a gallon.

In energy ETFs, the United States Oil Fund ( USO ) fell 1.7% to $13.16 while the United States Natural Gas ETF ( UNG ) was down 1.9% at $9.69.

In other energy news, Marathon Petroleum Corporation ( MPC ) increased its cash offering for MarkWest Energy Partners to $6.20 per unit, up from $5.21 it proposed in July, MarkWest said. MPC shares were flat in pre-bell trading at $53.77, on the upper end of the 52-week range of $37.62-$60.38. Shares of MWE, also flat, were at $45.41, within a 52-week range of $37.28 - $77.31.

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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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