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