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Sector Update: Energy Shares Mixed as Crude Oil Futures Inch Up Toward $97 Per Barrel

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Top Energy Stocks

XOM: +0.46%

CVX: +0.35%

COP: -0.26%

SLB: flat

OXY: flat

Energy shares are mixed in pre-market trade, while crude oil futures are also slightly higher.

Light, sweet crude oil for March delivery is trading up $0.13 at $96.77 per barrel. In other energy futures, heating oil is flat at $3.01 per gallon while natural gas is up $0.01 at $5.28 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.09% at $34.57. The United States Natural Gas ETF ( UNG ) is rallying 1.2% at $24.90.

In other energy news, American Electric Power Company Inc. ( AEP ) is down 0.04% at $46.75 after it said EPS for Q4 (excluding special items) was $0.60, better than the Capital IQ consensus of $0.57. Year-ago EPS (excluding special items) was $0.50.

Revenues increased year over year to $3.8 billion, topping Street view by $0.3 billion.

American Electric reaffirmed its EPS guidance of $3.20 to $3.40 for fiscal 2014. Analysts polled by Capital IQ are expecting $3.33.

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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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