Referenced Stocks

Sector Update: Energy Shares Mixed in Late Trading as Crude Futures Close Above $89 a Barrel

By Midnight Trader,  December 09, 2010, 03:52:11 PM EDT

NYMEX Benchmark Crude January: +$0.10 (+0.11%) to $89.01

Top Energy Stocks

XOM: -0.2%

CVX: +0.34%

COP: -0.2%

SLB: +0.2%

OXY: +0.01%

Energy shares are mixed near the end of the regular session as crude oil futures manage to eke out fractional gains and close above $89 a barrel.

Crude oil for January delivery finished up $0.10, or 0.11%, to $89.01 a barrel. In other energy futures, heating oil was down 0.01% to $2.46 a gallon while natural gas fell 4.13%, to $4.41 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.08% to $37.93. The United States Natural Gas ETF ( UNG ) is down 3.33% to $6.09.

The U.S Dollar Index (DXY) is up 0.06% to $80.05.

In late-session energy sector news, FX Energy ( FXEN ) is up after it says it entered into a Letter of Intent with the Polish Oil and Gas Company to jointly explore FXEN's Warsaw South concession.

POGC will earn a 49% interest in the company's 880,000 acre Warsaw South concession. In the first phase, the Parties agreed to acquire 273 kilometers of 2D seismic and to drill one exploration well in the Warsaw South concession to the depth of approximately 3800 meters during 2011. FXEN will be operator of the joint works.

FX Energy shares are up 4.7% to $6.43.




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: FXEN, UNG, USO



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