Leading energy stocks were trading higher pre-market Tuesday. West Texas Intermediate crude oil for July delivery was up $0.43 at $52.36 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract gained $0.17 to $61.11 per barrel and July natural gas futures were down 1 cent at $2.38 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 1.11%, while the United States Natural Gas fund was 0.49% lower.
In other sector news:
(=) SM Energy Company (SM) was up nearly 6% after saying it is raising guidance for Q2 and full-year production volumes by 0.4 million barrels of oil equivalent (MMBoe) due to better-than-expected well performance and completion timing.
(=) EQT (EQT) was unchanged after saying it expects its Q2 sales volumes to be at the high end of its forecast and it expects to achieve $25 million in additional savings in 2019.
Price: 10.96, Change: +0.58, Percent Change: +5.59
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