Sector Update: Energy Shares Higher While Crude Futures Advance Toward $102 a Barrel

By
A A A

NYMEX Benchmark Crude January: +$0.90 to $101.86

Top Energy Stocks

XOM: +1.1%

CVX: +1.4%

COP: +1.7%

SLB: +2.0%

OXY: 0.0%

Energy shares are higher in pre-market trading while crude oil futures advance closer to $102 a barrel. January light, sweet crude is up $0.90 to $101.86 according to the CME Group. In energy stocks, L&L Energy ( LLEN ) today announced that its wholly owned coal subsidiary, DaXing- L&L (Guizhou) Coal, has signed a long term joint sales agreement with China Chengtong Metal's subsidiary, China Chengtong Metal Tianjin. LLEN shares are up 4.4%. Meanwhile, Valero Energy ( VLO ) has been downgraded to Hold from Buy at Benchmark Capital. The firm set a price target of $23. VLO shares are up 1.5%.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: LLEN , VLO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

86%

Most Active by Volume

110,219,031
  • $6.79 ▲ 14.31%
104,983,438
  • $11.83 ▲ 12.35%
95,065,355
  • $3.40 ▲ 0.59%
79,694,763
  • $36.59 ▲ 2.64%
49,037,292
  • $39.90 ▲ 5.81%
47,070,527
  • $15.34 ▼ 1.03%
43,387,835
  • $6.56 ▼ 1.94%
42,066,487
  • $98.38 ▼ 0.65%
As of 7/29/2014, 04:04 PM