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Sector Update: Energy

Energy shares are higher in pre-market, while crude oil futures are up toward $106 per barrel.

Light, sweet crude oil for September delivery is up $1.72 at $106.75 per barrel. In other energy futures, heating oil is up $0.04 at $3.09 a gallon while natural gas is down $0.02 at $3.43 per million British thermal units.

In energy ETFs , the United States Oil Fund ( USO ) is up 1.79% at $38.03. The United States Natural Gas ETF ( UNG ) is flat at $18.21.

In other energy news, PBF Energy ( PBF ) reports net income of $71.5 million, or $0.73 per share on a fully exchanged, fully diluted basis, as described below, compared to $336.2 million, or $3.45 per share, for Q2 2012. Revenues were $4.7 million, down from $5.1 million a year prior.

Analysts expected $0.82 per share for Q2. PBF is flat at $22.89 in pre-market.

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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