The West Texas Intermediate crude oil added $0.10 to $42.29 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude rose $0.28 to $45.45 per barrel and the natural gas futures were 4 cents higher to $2.23 per 1 million BTU.
Stocks moving on the news include Sunoco LP (SUN), which was down around 3%. On Wednesday, the company posted Q2 EPS of $1.64, up from $0.43 a year earlier. Total revenue was $2.08 billion, down from $4.48 billion in the prior-year quarter. Analysts polled by Capital IQ projected EPS of $0.56 and revenue of $2.81 billion.
W&T Offshore (WTI) also retreated almost 2% after reporting a Q2 net loss of $0.02 per adjusted share from net income of $0.25 a share a year earlier. Analysts polled by Capital IQ had expected a loss of $0.20 a share.
Talos Energy (TALO) was down more than 1%. On Wednesday, the company swung to a Q2 adjusted loss of $0.45 per share from adjusted earnings of $1.25 per share a year earlier. The Street forecast was an adjusted loss of $0.46 per share.
|Consensus Estimates for Wright Medical Group's 2020,...|
|Valero Energy's Q3, 2020, and 2021 Earnings Lowered ...|
|Analysts Estimates for UBS Group's 2020 Scaled Down|
|Travelzoo's Q3 Forecast Targeted Lower but 2021 Expe...|
|Tesla's Q3, 2020, 2021 Full Year Earnings Estimates ...|