Energy shares are flat in pre-market, while crude oil futures are firmly higher.
Light, sweet crude oil for January delivery is trading up $1.04 at $98.38 per barrel. In other energy futures, heating oil is up $0.02 at $3.03 a gallon while natural gas is up $0.05 at $4.28 per million British thermal units.
In other energy news, Talisman Energy Inc. (TLM.TO,TLM) today announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent International for a total cash consideration of approximately US$595 million. Talisman is slightly lower in U.S. pre-market trade.
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