Sector Update: Energy Shares Higher as Crude Futures End Above $88 a Barrel

By Staff,

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NYMEX Benchmark Crude January: +$0.82 (+0.9%) to $88.61

Top Energy Stocks

XOM: +0.4%

CVX: +2.1%

COP: +1.8%

SLB: +1.5%

OXY: +0.8%

Energy shares are broadly higher just ahead of the closing bell as crude futures closed above $88 a share at the New York Mercantile Exchange.

Crude oil for January delivery finished up $0.82, or 0.9%, to $88.61 a barrel. In other energy futures, heating oil was up 0.29% to $2.46 a gallon while natural gas rose 0.1%, to $4.42 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.64% to $37.90. The United States Natural Gas ETF ( UNG ) is down 0.33% to $6.07.

The U.S Dollar Index (DXY) is down 0.92% to $79.34.

In late-session energy news, Valero Energy ( VLO ) shares are down even as the refiner said it plans to restart its Aruba refinery within the next several days, Bloomberg reported.

Valero had shuttered the refinery on Aug. 26, 2009 after it lose money in Q2 of that year. In the time since, Valero has overhauled the refinery to prepare for a restart.

Valero shares are down 1.16%, or $0.25, to $21.37.

Meanwhile, FuelCell Energy ( FCEL ) is higher ahead of the company's after-hours Q4 earnings report.

Analysts polled by Thomson Reuters expect FuelCell to report a loss of $0.14 per share on revenue of $20 million.

FuelCell shares up 17.2% to $1.70.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: FCEL , UNG , USO , VLO

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