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 (
) 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 (
) 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 The NASDAQ OMX Group, Inc.
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