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Energy Sector Update for 01/12/2018: XOM, CVX, COP, SLB, OXY, USO, UNG, RIO, BP, RDS.A

Top Energy Stocks

XOM: +0.3%

CVX: +0.3%

COP: -0.4%

SLB: +0.1%

OXY: flat

Energy shares were mixed in pre-market trading Friday. The Baker-Hughes domestic oil-and-gas rig count is released at 1 pm.

Light, sweet crude oil for February delivery was down 0.5% at $63.29 per barrel, while natural gas was up fractionally at $3.12 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.4% at $12.65 while the United States Natural Gas ETF ( UNG ) was up 2.0% at $24.87.

Expected movers:

- Rio Tinto ( RIO ): reportedly in talks in Indonesia in connection with a PT Freeport Indonesia acquisition

Other news:

- BP ( BP ), Royal Dutch Shell (RDS.A) and Goldman Sachs ( GS ): reportedly among companies that have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state

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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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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