Sector Update: Energy
Energy shares traded generally flat in pre-market trade Monday as crude oil futures were higher.
Light, sweet crude oil for July delivery was up 0.12% at $102.83 per barrel. In other energy futures, heating oil was up 0.10% at $2.89 per gallon while natural gas was up 1.17% at $4.60 per million British thermal units.
In other energy news, oil drilling contractor Seadrill ( SDRL ) edged higher in recent pre-market trading on Monday after receiving a contract from Total Upstream Nigeria for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.
The 5-year contract has a total revenue potential of approximately US$1.1 billion inclusive of mobilization.
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.