Most energy giants were trading lower pre-market Monday. West Texas Intermediate crude oil for June delivery was down $0.14 at $62.62 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude July contract gained $0.03 to $72.24 per barrel and June natural gas futures were 5 cents higher at $2.69 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.23%, while the United States Natural Gas fund was 2.20% higher.
In others sector news:
(-) Exxon Mobil (XOM) evacuated all 60 of its foreign staff from Iraq's West Qurna 1 oilfield late Friday and early Saturday, Reuters reported, citing Ihsan Abdul Jabbar, chief of Iraq's state-owned South Oil Co., which owns the oil field, and three other sources. Exxon Mobil was recently declining.
(=) Western Midstream Partners (WES) was flat after it filed a registration statement with the Securities and Exchange Commission to issue common and preferred units and debt securities.
(=) Plains All American Pipeline (PAA) was denied a tariff waiver for the $1.1 billion Cactus 2 pipeline by the Trump administration. However, the administration agreed to lift them on steel for the $1 billion Midship natural gas pipeline. Plains All American Pipeline was unchanged after the news.
Price: 75.80, Change: -0.11, Percent Change: -0.14
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