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

Top Energy Stocks

XOM: +0.21%

CVX: +0.70%

COP: +1.32%

SLB: flat

OXY: flat

Energy shares were generally flat to higher in pre-market trading Wednesday, even as crude-oil futures fell.

Light, sweet crude oil for September delivery was down 0.1% at $97.26 per barrel. In other energy futures, heating oil was up 0.3% at $2.85 per gallon while natural gas was down 1.6% at $3.91 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.2% at $36.13. The United States Natural Gas ETF ( UNG ) was down 2.6% at $21.31.

In other energy news, TransGlobe Energy Corp. ( TGA ) reported Q2 earnings that increased year-over-year while revenue beat the Street estimate. Q2 earnings were $26.2 million, or $0.35 per share, up from $0.14 per share a year prior, whereas the Street expected $0.17 per share, if comparable, according to Capital IQ estimates. Oil revenue was $76.0 million. The Street expected $66.1 million, according to Capital IQ estimates.

TGA was steady at $6.36 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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