Top Energy Stocks:
Most energy majors were climbing in Thursday's pre-market trading. West Texas Intermediate crude oil for May delivery was up $0.07 at $63.83 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude June contract gained $0.17 to $71.79 per barrel and May natural gas futures were down 1 cent at $2.51 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.08%, while the United States Natural Gas fund was 0.10% lower.
In other sector news:
(+) Schlumberger (SLB) was more than 2% higher as it booked Q1 adjusted earnings of $0.30 per share, down from $0.38 in the same period a year ago and in line with the average estimate from analysts polled by Capital IQ.
(-) BP (BP) has entered into a three-year framework crude oil supply deal with Shandong Tianhong Chemicals, with annual supplies at 8 million barrels beginning this year, the Chinese refiner's president, Li Dongbo, told Reuters. BP was marginally declining after the news.
(-) Kinder Morgan (KMI) is considering building its third gas pipeline in the Permian Basin and has begun internal discussions, CEO Steven Kean said Wednesday, according to Reuters. Kinder Morgan was recently trading lower.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.