Sector Update: Energy

By Staff,

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Energy shares are mixed in pre-market trading while Exxon Mobil ( XOM ) shares are seeing early upside. January crude futures are up $0.45 to $100.94 a barrel, according to the CME Group. Natural gas is up $0.02 to $3.44 per million British thermal units. In energy shares, ADRs of Eni S.p.A ( E ) are down in pre-market trading while Bloomberg reports that the company expects to invest $50 billion developing natural gas off the coast of Mozambique. The company plans to begin producing fuel there by 2018. E shares are down 1.42%, or $0.62, to $42.95.

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: E , XOM

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