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Sector Update: Energy

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Energy shares traded mixed in pre-market trade Thursday as crude oil futures were lower.

Light, sweet crude oil for June delivery was down 0.27% at $102.09 per barrel.

In other energy futures, heating oil was up 0.14% at $2.97 per gallon while natural gas was down 0.14% at $4.36 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.19% at $37.25. The United States Natural Gas ETF ( UNG ) was down 0.95% at $24.05.

In other energy news, Daqo New Energy ( DQ ) shares were up about 3% after the company priced a public offering at $29.00 per ADS.

The polysilicon manufacturer will issue and sell 2,000,000 ADSs. Each ADS represents 25 ordinary shares of the company. In connection with this offering, the company has granted the underwriter a 30-day option to purchase up to 300,000 additional ADSs.

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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