Sector Update: Energy Shares Tilting Higher; Crude Futures Trade Over $101 a Barrel

By Staff,

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NYMEX Benchmark Crude January: +$0.08 to $101.07

Top Energy Stocks

XOM: +0.5%

CVX: -0.7%

COP: +0.04%

SLB: +0.4%

OXY: 0.0%

Energy shares are tilting higher in pre-market trading while crude oil futures are firming above $101 a barrel. The January crude oil contract is up $0.08 to $101.07 a barrel. The January natural gas contract is down $0.04 to $3.41 per million British thermal units. Exxon Mobil ( XOM ) shares are higher while Bloomberg reports that the comapny sees Abu Dhabi changing the terms of its main oil producing concession - which dates back to 1993 - when it expires in 2014. XOM shares are up 0.4%. RAM Energy Resources ( RAM ) has been initiated with an Accumulate at Global Hunter Securities. The firm set a price target of $2.20. Shares are up 1.90% to $1.07 in the pre-market session.

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: RAM , XOM

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