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Energy Sector Update for 12/21/2015: USO, UNG, RICE

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Top Energy Stocks

XOM: flat

CVX: flat

COP: flat

SLB: +0.4%

OXY: -0.5%

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 down 0.5% at $34.25 per barrel. In other energy futures, heating oil was 1.0% lower at $1.09 per gallon while natural gas was up by 2.3% at $1.68 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.4% at $10.62 while the United States Natural Gas ETF ( UNG ) was up 1.0% at $7.03.

And, in other energy news, natural gas and oil company Rice Energy ( RICE ) said an energy infrastructure fund has agreed to invest up to $500 million in preferred equity in Rice Midstream Holdings and common equity in a new subsidiary which will hold the common units, subordinated units and incentive distribution rights in Rice Midstream Partners.

Shares in Rice Energy were unchanged at $8.42 pre-bell. This is within the lower band of the stock's 52 week trading range between $8.01 and $25.33.

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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