Energy giants were flat to higher pre-market Tuesday. West Texas Intermediate crude oil for June delivery turned lower $0.08 at $63.02 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude July contract gained $0.12 to $72.09 per barrel and June natural gas futures were 3 cents lower at $2.64 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 0.08%, while the United States Natural Gas fund was 0.95% lower.
In other sector news:
(=) PrimeEnergy (PNRG) was unchanged after it reported a Q1 loss of $1.49 per common share, compared to earnings of $1.14 in the prior-year quarter.
(+) Novatek said its Arctic LNG 2 joint venture and TechnipFMC (FTI) signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas (LNG) facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. TechnipFMC was slightly higher after the news.
(+) Enerplus (ERF) was recently rallying after saying it will pay a cash dividend of CAD0.01 ($0.0075) per share on June 14 to shareholders of record as of May 31.
Price: 135.98, Change: -0.72, Percent Change: -0.53
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