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Energy Sector Update for 12/14/2015: USO, UNG, RDS.A

Top Energy Stocks

XOM: -0.9%

CVX: flat

COP: flat

SLB: -1.5%

OXY: flat

Energy shares were mainly unchanged in pre-market trade on Monday as crude oil futures were lower.

Light, sweet crude oil for January delivery was 0.9% lower at $34.77 per barrel. In other energy futures, heating oil was 2.0% lower at $1.14 per gallon while natural gas was 5.5% lower at $1.96 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 2.4% at $10.80 while the United States Natural Gas ETF ( UNG ) was down 4.7% at $7.36.

And, in other energy news, oil and gas giant Shell (RDS-A) and its proposed merger with British peer BG Group has received an unconditional clearance from the Chinese Ministry of Commerce, which is the final pre-conditional approval required for the combination. The transaction previously received approvals in Brazil, Europe, and Australia.

Shares in Shell were unchanged pre-bell at $44.55. This is within the lower band of the stock's 52 week trading range between $44.52 and $69.50.

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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