Energy giants were advancing in pre-market trading Thursday. West Texas Intermediate crude oil for August delivery was up $0.16 at $60.59 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude September contract gained $0.09 to $67.10 per barrel and August natural gas futures were 3 cents higher at $2.47 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was up 0.32%, while the United States Natural Gas fund was 1.09% higher.
In other sector news:
(+) Enbridge (ENB) lowered the minimum volume required for shipping oil through its Mainline pipeline by nearly two-thirds to accommodate smaller producers, the Canadian energy transportation company told Reuters. Enbridge was recently edging higher.
(=) Talos Energy (TALO) was flat after it amended its credit facility, raising the total commitments to $850 million from $600 million.
(=) Cenovus Energy (CVE) was unchanged after saying it has reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in Northern Alberta.
Price: 36.87, Change: +0.12, Percent Change: +0.33
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