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Sector Update: Energy

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

Light, sweet crude oil for June delivery was down 0.04% at $101.46 per barrel.

In other energy futures, heating oil was down 0.06% at $2.95 per gallon while natural gas was down 0.36% at $4.35 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.30% at $37.15. The United States Natural Gas ETF ( UNG ) was flat at $24.05.

In other energy news, Chesapeake Energy ( CHK ) shares were down 3.8% in pre-market trade after the company updated its anticipated 2014 asset sales and divestitures and the projected impact of such transactions on its 2014 outlook.

Chesapeake estimates that 2015 production will grow 7%-10% compared to its 2014 adjusted production.

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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