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Energy Sector Update for 12/23/2015: USO, UNG, PBR

Top Energy Stocks

XOM: +1.2%

CVX: +1.6%

COP: flat

SLB: +0.9%

OXY: flat

Energy shares were mainly higher in pre-market trade on Wednesday as crude oil futures extended gains.

Light, sweet crude oil for February delivery was up 0.6% at $36.69 per barrel. In other energy futures, heating oil was up by 1.6% at $1.09 per gallon while natural gas was 1.5% higher at $1.68 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 1.6% at $10.94 while the United States Natural Gas ETF ( UNG ) was unchanged at $7.30.

And, in other energy news, Petroleo Brasileiro S.A.- Petrobras ( PBR ) was higher in pre-market trade after Brazil's finance minister said on Tuesday he sees no need to inject capital into Petroleo Brasileiro SA as new management of the state-run oil company recovers its finances.

Shares in the company were 3.0% higher at $4.41 pre-bell. This is within the lower band of the stock's 52 week trading range between $3.72 and $10.55.

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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