Markets

Energy Sector Update for 12/26/2018: AMTX,CHK,RDS.A,RDS.B

Top Energy Stocks

XOM, +2.27%

CVX, +3.28%

COP, +4.91%

SLB, +2.09%

OXY, +2.85%

Energy stocks were sharply higher, with the NYSE Energy Sector Index climbing almost 2.7%, while shares of energy companies in the S&P 500 were up more than 3.3% as a group. West Texas Intermediate crude oil for February delivery was racing almost 7% higher, rising $2.92 to $45.45 per barrel at the New York Mercantile Exchange, while the global benchmark Brent crude February contract was advancing $3.23 to $53.70 per barrel. January natural gas futures were unchanged at at $3.47 per 1 million BTU. Among energy-related ETFs, the United States Oil fund was ahead 3.2%, while the United States Natural Gas fund still was dropping 2.1%. The Philadelphia Oil Service Sector index was up nearly 3.6%.

Among energy stocks moving on news:

(+) Aemetis ( AMTX ) jumped 26% after the renewable-fuels producer said its Aemetis Biogas subsidiary has closed on a $30 million equity investment primarily through a series of 20-year agreements with dairy farms in California and without the parent company issuing any of its shares.

In other sector news:

(+) Royal Dutch Shell (RDS.A,RDS.B) rose nearly 2% higher Wednesday after Reuters reported the energy major has started production at its Prelude floating liquefied natural gas facility offshore of Broome, Western Australia.

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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