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Sector Update: Energy

Energy shares were fairly flat in pre-market trade Thursday, while crude oil futures were also slightly higher.

Light, sweet crude oil for March delivery was trading up $0.50 at $97.86 per barrel. In other energy futures, heating oil was up $0.01 at $3.03 per gallon while natural gas was down $0.24 at $5.22 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.6% at $34.93. The United States Natural Gas ETF ( UNG ) was down 4% at $25.65.

In other energy news, Peabody Energy ( BTU ) reported Q4 revenue of $1.74 billion and earnings of $0.00 per share, whereas the Street expected revenue of $1.8 billion and a loss of $0.11 per share.

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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