Energy majors were retreating pre-bell Wednesday. West Texas Intermediate crude oil for October delivery was down $1.02 at $58.32 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude November contract lost $0.69 to $63.86 per barrel and October natural gas futures were even at $2.67 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 1.34%, while the United States Natural Gas fund was 0.52% lower.
Early movers include:
(+) NextDecade (NEXT), which was almost 6% higher after it signed a memorandum of understanding with Canadian energy infrastructure company Enbridge (ENB) to jointly pursue the development of the Rio Bravo pipeline and other pipelines in South Texas.
In other sector news:
(-) Exxon Mobil (XOM) said it is selling all of its oil and gas assets in the Gippsland Basin in southeastern Australia, media reported. Exxon Mobil was recently declining.
(-) The joint venture company between TransCanada (TRP) and Sempra Energy's (SRE) Mexican unit Infraestructura Energetica Nova or IEnova said the Sur du Texas-Tuxpan marine natural gas pipeline has begun commercial operation. TranCanda was slightly lower, while Sempra Energy was marginally higher in recent trading.
Price: 6.60, Change: +0.37, Percent Change: +5.94
|Insider at Boston Beer (SAM) Makes Significant Sale ...|
|Continued Level of Significant Insider Selling at Fi...|
|SailPoint Technologies Holdings (SAIL) Insider Makes...|
|Continued Level of Significant Insider Selling at Co...|
|Significant Insider Selling in Shares of Mastercard ...|