Stock Market Update

[BRIEFING.COM] The three major indices trade in narrow ranges near their prior closing levels.

A short time ago, the weekly EIA Natural Gas Inventories showed a draw of 30 bcf versus a draw of 2 bcf last week. Natural gas futures are 2.3% higher at $3.11/mmbtu. On a commodity-related note, WTI crude oil futures are 0.5% higher at $68.87/bbl. 

This price action has contributed to the gain in the S&P 500 energy sector (+0.2%), along with gains in Chevron (CVX 159.19, +0.87, +0.6%) and Exxon Mobil (XOM 114.44, +0.16, +0.1%).