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Sector Update: Energy Shares Mixed Pre-Market as Crude Oil Rises

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Top Energy Stocks

XOM: flat

CVX: -0.57%

COP: +0.38%

SLB: flat

OXY: flat

Energy shares traded generally flat in pre-market trade Wednesday as crude oil futures were up slightly.

Light, sweet crude oil for July delivery was up 0.07% at $104.42 per barrel. In other energy futures, heating oil was up 0.36% at $2.89 per gallon while natural gas was down 0.20% at $4.52 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was flat at $38.28. The United States Natural Gas ETF ( UNG ) was down 0.52% at $25.08.

In other energy news, Penn Virginia ( PVA ) said late Tuesday that it intends to offer 2.5 million depositary shares, each representing a 1/100th interest in a share of Series B convertible perpetual preferred stock with a liquidation preference of $10,000 per share. PVA also expects to grant the initial purchaser(s) of the depositary shares a 30-day option to purchase up to an additional 375,000 depositary shares.

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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