Top Energy Stocks
XOM: -0.05%
CVX: flat
COP: +1.2%
SLB: -0.7%
OXY: +0.04%
Energy shares were mixed in pre-market trading Thursday, ahead of the EIA domestic natural-gas inventories release at 10:30 am. In its oil market report out Thursday, the International Energy Agency said global oil supply rose 0.2 mb/d in November to 97.8 mb/d, the highest in a year, on the back of rising US production, and it sees US oil production continuing to rise in 2018.
Light, sweet crude oil for January delivery was up 0.5% at $57.60 per barrel, while natural gas was up fractionally at $2.72 per million Btu.
In energy ETFs, the United States Oil Fund ( USO ) was down 0.6% at $11.26 while the United States Natural Gas ETF ( UNG ) was down 0.7% at $5.33.
Expected movers:
- Petrobras ( PBR ): said to raise $1.5 billion in IPO of fuel distribution unit
Other news:
- Dominion ( D ): upgraded to Overweight from Neutral at JP Morgan
- Keane ( FRAC ): places orders for three hydraulic fracturing fleets
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
