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Sector Update: Energy

Energy shares were flat in pre-market trading Thursday, as crude-oil futures dropped.

Light, sweet crude oil for August delivery was down 0.3% at $102.02 per barrel. In other energy futures, heating oil was flat at $2.87 per gallon while natural gas was flat at $4.17 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.1% at $37.65. The United States Natural Gas ETF ( UNG ) was down 0.1% at $22.97.

In other energy news, electrical-engineering company ABB ( ABB ) received a $400 million order from Maritime Link for high-voltage direct current power transmission technology. ABB was down 1.7% at $22.64 in pre-market trading.

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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