Referenced Stocks

Sector Update: Energy Shares Finish Higher; Crude Gains Top 1%

By MT Newswires November 07, 2011, 03:04:16 PM EDT

NYMEX Benchmark Crude December: (+1.3%) to $95.52

Top Energy Stocks

XOM: +0.6%

CVX: +0.4%

COP: +0.6%

SLB: -0.1%

OXY: +0.1%

Energy shares finished higher as crude oil futures managed to keep gains topping 1% at the close of trading at the New York Mercantile Exchange.

Light, sweet crude oil for December delivery finished up 1.3% to $95.52 a barrel. In other energy futures, heating oil was up 1.51% to $3.11 a gallon while natural gas was down 2.33% to $3.69 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.12% to $36.87. The United States Natural Gas ETF ( UNG ) is down 2.64% to $8.48.

In late-session energy news, ADRs of Petroleo Brasileiro ( PBR ) are higher as the Reuters reports that Brazil's state-run Petrobras would sell Japan refiner Nansei Seikyu KK - its southern Japan refiner if it had an attractive enough offer.

The company had said it would sell just a stake in the plant.

PBR ADRs are up 2.98%, or $0.82, to $28.35.

Meanwhile, Tesco ( TESO ) has tumbled 18.24% to $13.36 a share after it reports Q3 EPS of $0.10, short of estimates for $0.23. Revenue came out at $127 million, missing the consensus view of $130.28 million.




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


This article appears in: Investing, Commodities

Referenced Stocks: PBR, TESO, UNG, USO



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