Markets
MRO

Sector Update: Energy

A generic image of two people across each other
Credit: Shutterstock photo

Energy shares are down in mid-day trading as the June crude oil contract slips under $113 a barrel at the New York Mercantile Exchange. Light, sweet crude oil for June delivery is trading down 1.08% to $112.29 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is down 0.78% to $44.58. The United States Natural Gas ETF ( UNG ) is down 0.25% to $12.08. In mid-day news, Marathon Oil ( MRO ) today posted Q1 net income of $1.18 billion, adjusted for special items, or $1.65 per diluted share, compared with $315 million, or $0.44 per diluted share, for the prior-year period. This is $0.21 better than the Thomson Reuters consensus of $1.44.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MRO UNG USO

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More