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Energy Sector Update for 01/15/2016: USO, UNG, SDRL

Top Energy Stocks

XOM: -2.9%

CVX: -3.3%

COP: -3.5%

SLB: -3.2%

OXY: -2.8%

Energy shares were mainly lower in pre-market trade on Friday as crude oil futures crept lower.

Light, sweet crude oil for February delivery was down 1.7% at $29.51 per barrel. In other energy futures, heating oil was 3.3% lower at $0.95 per gallon while natural gas was down 1.2% at $1.68 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 5.3% at $8.74 while the United States Natural Gas ETF ( UNG ) was down 0.5% at $7.92.

In other energy news, coverage of offshore drilling contractor Seadrill ( SDRL ) has been initiated by JP Morgan with an underweight rating. Price target information was not available.

Shares in the company were 9.5% lower at $2.28 pre-bell. The company has traded between $2.36 and $15.44 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Energy Sector Update for 01/15/2016: USO, UNG, SDRL Reviewed by on . Top Energy Stocks XOM: -2.9% CVX: -3.3% COP: -3.5% SLB: -3.2% OXY: -2.8% Energy shares were mainly lower in pre-market trade on Friday as crude oil futures crep Top Energy Stocks XOM: -2.9% CVX: -3.3% COP: -3.5% SLB: -3.2% OXY: -2.8% Energy shares were mainly lower in pre-market trade on Friday as crude oil futures crep Rating:
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