Energy giants were higher in pre-market trading Wednesday. West Texas Intermediate crude oil for May delivery was up $0.28 at $64.33 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude June contract gained $0.32 to $71.95 per barrel and May natural gas futures were 2 cents lower at $2.55 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.30%, while the United States Natural Gas fund was 1.50% lower.
In other sector news:
(+) Equinor (EQNR) was 1% higher after the company won rights to explore seven blocks offshore Argentina and to run production operations at five of them.
(+) BP (BP) is raising its US onshore upstream spending to a range of $2 billion to $2.5 billion this year from $1 billion last year, Argus Media reported, citing a company official. BP was slightly gaining after the news.
(+) Venezuelan opposition leader Juan Guaido is seeking to annul an $8.7 billion arbitration award to ConocoPhillips (COP) as he attempts to preserve foreign assets, Reuters reported. ConocoPhillips was recently advancing marginally.
Price: 23.39, Change: +0.34, Percent Change: +1.48
|--GlycoMimetics Files For $250 Mln Mixed Shelf Offering|
|Plains All American Pipeline, L.P Denied Tariff Waiv...|
|Market Chatter: Legg Mason Near Deal with Trian That...|
|Innovate Biopharmaceuticals Files to Sell More Than ...|
|Market Chatter: Lions Gate Entertainment May Be Will...|