Sector Update: Energy

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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.

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This article appears in: Investing , Commodities
Referenced Symbols: RAM , XOM


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