Crude Inventories Lower than Expected, Energy Shares Gain Ground (XOM, COP, CVX, MRO, USO, OIL)

November 25, 2009 12:01 PM EST

Crude oil inventories reported stockpiles of 1.02 million barrels today, ahead of the 1.5 million that analysts surveyed by Dow Jones Newswires expected. Tropical Storm Ida delayed cargoes two weeks ago, leading analysts to believe that crude imports would add to the stocks.

Energy companies, ETN's, and ETF's benefiting include:

  • Exxon Mobil Corp. (NYSE: XOM) up 0.63% to $76.45;

  • Chevron Corp. (NYSE: CVX) rises 0.82% to $79.68;

  • ConocoPhillips (NYSE: COP) up about 0.25% to $52.81;

  • iPath S&P GSCI Crude Oil Ttl Ret Idx ETN (NYSE: OIL) up over 1% to $25.76;

  • United States Oil Fund LP (NYSE: USO) jumps 1.14% to $39.02;

  • Marathon Oil Corporation (NYSE: MRO) up 1.30% to $33.43;

  • PowerShares DB Oil (NYSE: DBO) rising 0.55% to $27.29.


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Stocks Mentioned

COP 48.49

+1.12 +2.36%
Volume: 13,346,727
Track COP

CVX 71.31

+1.18 +1.68%
Volume: 13,055,824
Track CVX

DBO 25.39

+0.73 +2.96%
Volume: 440,478
Track DBO

MRO 28.62

+0.58 +2.07%
Volume: 7,088,138
Track MRO

OIL 23.82

+0.77 +3.34%
Volume: 706,937
Track OIL

USO 36.21

+1.12 +3.19%
Volume: 12,747,350
Track USO

XOM 65.20

+0.85 +1.32%
Volume: 36,245,594
Track XOM


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