Top energy stocks were gaining in Thursday's pre-market trading. West Texas Intermediate crude oil for July delivery was up $2.33 at $56.09 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract gained $1.94 to $63.76 per barrel and July natural gas futures were flat at $2.27 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 3.2%, while the United States Natural Gas fund was 0.10% higher.
In other sector news:
(+) Total (TOT) was up more than 2% even after Reuters reported that the company is planning to cut 200 jobs in Denmark as part of the French energy company's redevelopment efforts at the Tyra gas field in the North Sea.
(+) Greenpeace has ended its protest against British energy producer BP (BP) and oil rig operator Transocean (RIG), capping a 12-day standoff that began with the occupation of a North Sea-bound oil rig, media reported. BP was gaining 2% in value, while Transocean was advancing more than 4% after the news.
Price: 55.29, Change: +1.25, Percent Change: +2.31
|Street Color: OPEC Reportedly Will Maintain Producti...|
|Street Color: Rockwell Automation, DXC Technologies ...|
|Analyst Actions: Wells Fargo Lowers EQT's Price Targ...|
|Analyst Actions: B. Riley Cuts Arch Coal Price Targe...|
|Analyst Actions: Wells Fargo Trims Evolus' Price Tar...|