Energy Sector Update for 12/07/2018: PBR, XEC, EC, XOM, CVX, COP, SLB, OXY

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Top Energy Stocks:

XOM: +0.78%

CVX: +1.16%

COP: +2.54%

SLB: +2.20%

OXY: +1.08%

Energy stocks were higher pre-market Friday. West Texas Intermediate crude oil for January delivery was $2.34 higher to $53.83 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude February contract gained $3.03 to $63.09 per barrel and January natural gas futures were up by 7 cents at $4.40 per 1 million BTU.

In other sector news:

(+) Petrobras ( PBR ) was up by more than 2% after its wholly-owned Petrobras Global Finance subsidiary has started cash tender offers for up to $1.5 billion notes.

(+) Cimarex Energy ( XEC ) was slightly up after its board approved a quarterly dividend of $0.18 per common share, unchanged from the previous payout.

(=) Ecopetrol ( EC ) was unchanged as the company received a BBB stand-alone credit profile from Fitch Ratings, up from the previous BBB-, while confirming its rating at BBB (stable outlook).

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 , Energy
Referenced Symbols: PBR , XEC , EC , XOM , CVX

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