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 72.08

+0.53 +0.74%
Volume: 3,698,988
Track COP

CVX 104.73

-1.64 -1.54%
Volume: 1,338,227
Track CVX

DBO 28.91

-0.39 -1.33%
Volume: 69,797
Track DBO

MRO 32.29

-0.31 -0.95%
Volume: 1,235,463
Track MRO

OIL 24.93

-0.37 -1.46%
Volume: 334,725
Track OIL

USO 37.78

-0.55 -1.43%
Volume: 2,255,372
Track USO

XOM 83.81

-1.07 -1.26%
Volume: 3,279,173
Track XOM


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