Cold Weather Lifts Oil

Stock quotes in this article: OIL , USO , XTO , MUR , HES , NBL , SO  

In the energy patch, the Amex Natural Gas Index was unchanged. Pushing upward were shares of component company XTO Energy(XTO Quote), higher by 1.4% recently. Meanwhile, shares of Nobel Energy(NBL Quote), also part of the index, was off 0.8%.

Elsewhere, Bear Stearns upped its ratings on Murphy Oil(MUR Quote) and Hess(HES Quote) to outperform from peer perform.

Murphy was gaining 1.4% recently at about $48, while Hess was adding 2.4%.

Lehman Brothers downgraded Southern Company(SO Quote) to an equal-weight rating from overweight, knocking the stock down 1.3%.

The energy exchange-traded funds, U.S. Oil(USO Quote) and iPath Goldman Sachs Crude Oil(OIL Quote), were lifting 1.6% and 2%, respectively.

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