Enery majors were soaring pre-market Monday. West Texas Intermediate crude oil for October delivery was up $5.60 at $60.45 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude November contract gained $6.47 to $66.69 per barrel and October natural gas futures were 5 cents higher at $2.67 per 1 million BTU. In other sector news, oil futures prices remained at elevated levels after a drone attack on Saturday wiped out more than half of the daily oil production of Saudi Arabia, which is home to some of the largest oil reserves in the world. Oil majors ExxonMobil (XOM) and Chevron CVX) were up over 3%, while ConocoPhilips (COP), Schlumberger (SLB), and Occidental Petroleum (OXY) were gaining more than 8% in value.
Price: 75.49, Change: +2.86, Percent Change: +3.94