Markets
APO

Sector Update: Shares Higher as Crude Oil Future Rally

Top Energy Stocks

XOM: +0.43%

CVX: +0.10%

COP: +0.01%

SLB: -0.06%

OXY: +0.50%

Energy shares traded generally higher in pre-market trade Friday as crude oil futures were higher.

Light, sweet crude oil for July delivery was up 0.47% at $107.03 per barrel. In other energy futures, heating oil was up 0.55% at $3.01 per gallon while natural gas was up 0.27% at $4.78 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.18% at $39.15. The United States Natural Gas ETF ( UNG ) was up 0.46% at $26.35.

In other energy news, Apollo Global Management ( APO ) is in talks to buy Encana's (ECA, ECA.TO) Bighorn properties in Alberta, Canada, for as much as $1.8 billion, the Wall Street Journal said, citing unnamed sources.

The talks are exclusive, a deal hasn't yet been reached and the talks could still collapse, the report said. The Bighorn properties primarily produce natural gas.

Encana shares closed at $23.88 on Thursday after setting a three-year high earlier in the session of $24.04. The stock was also higher after hours but is inactive so far pre-market.

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.

In This Story

APO UNG USO

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More