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Sector Update: Energy Shares Higher Pre-Market as Crude Oil Futures Rally

Top Energy Stocks

XOM: +0.44%

CVX: +0.22%

COP: +0.37%

SLB: +0.30%

OXY: flat

Energy shares traded generally higher in pre-market trade Thursday as crude oil futures were higher.

Light, sweet crude oil for July delivery was up 2.01% at $106.50 per barrel. In other energy futures, heating oil was up 1.81% at $2.96 per gallon while natural gas was up 0.80% at $4.54 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 1.67% at $38.89. The United States Natural Gas ETF ( UNG ) was up 0.28% at $25.05.

In other energy news, CONSOL Energy ( CNX ) and its Marcellus Shale joint-venture partner, Noble Energy ( NBL ), said they intend to form a publicly traded master-limited partnership to provide midstream-gathering services for production from their jointly owned acreage in the Marcellus Shale.

CNX and NBL were up slightly in recent 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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