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Sector Update: Shares Flat Pre-Market as Crude Oil Futures Drop

Top Energy Stocks

XOM: -0.24%

CVX: -0.18%

COP: flat

SLB: flat

OXY: flat

Energy shares traded generally flat in pre-market trade Tuesday as crude oil futures were lower.

Light, sweet crude oil for July delivery was down 0.01% at $102.46 per barrel. In other energy futures, heating oil was down 0.32% at $2.87 per gallon while natural gas was up 0.35% at $4.63 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was flat at $37.53. The United States Natural Gas ETF ( UNG ) was up 0.71% at $25.70.

In other energy news, Magellan Petroleum Corporation ( MPET ) said it has plans for two exploration wells to be drilled during 2014 within the Company's license areas in the UK.

The company's partner Angus Energy has plans to spud in July 2014 an exploration well on the Horse Hill prospect located within the Petroleum Exploration and Development License 137 area.

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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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