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Engery Sector Update for 02/12/2015: USO, UNG, TOT

Top Energy Stocks

XOM: +0.8%

CVX: -0.3%

COP: flat

SLB: +0.3%

OXY: flat

Energy shares edged up in pre-market trading Thursday as crude-oil futures gained.

Light, sweet crude oil for March delivery was up 1.5% at $50.37 per barrel. In other energy futures, heating oil was up 1.6% at $1.59 per gallon while natural gas was up 1.7% at $2.57 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 1.3% at $18.75. The United States Natural Gas ETF ( UNG ) was up 1.3% at $14.58.

In other energy news, oil and gas company Total ( TOT ) swung to a Q4 net loss from a net profit of $2.23 billion in the same quarter the previous year. It wrote off $6.5 billion of the value of its less profitable shale and oil sands ventures, as well as its unprofitable European refineries. Excluding one-time items, the company reported a net profit of $2.80 billion in the quarter, down from $3.84 billion in the same period a year earlier. Shares were trading 0.9% higher at $53.80 during the pre-market trading session. Over the past 52 weeks, the stock has traded between $47.31 and $74.22.

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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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