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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.