Morning Call For Thursday, Dec. 13

Jan WTI crude oil prices (CLF19 -1.33%) this morning are down -60 cents (-1.17%( and Jan gasoline (RBF19 -0.73%) is -0.63 (-0.44%). Wednesday's closes: Jan WTI crude oil (CLF19) on Wednesday closed down by -$0.50 per barrel (-0.97%) and Feb Brent crude (CBG19) closed down -$0.05 (-0.08%). Jan RBOB gasoline (RBF19) closed down by -1.94 cents per gallon (-1.35%). Crude prices moved lower Wednesday after weekly EIA crude inventories fell -1.21 million bbl, a smaller decline than expectations of -3.5 million bbl, and after crude supplies at Cushing, the delivery point of WTI futures, rose +1.15 million bbl to an 11-month high. Crude prices fell further in afternoon trade on signs of unrest within OPEC after Iran's Oil Minister said "serious political disagreements" exist within OPEC. A weaker dollar on Wednesday limited losses in the energy complex.

Overnight U.S. Stock Movers

Five Below (FIVE +1.94%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $122.

Ultimate Software Group (ULTI +0.06%) was upgraded to 'Outperform' from 'In-line' at Evercore ISI with a price target of $310.

XPO Logistics (XPO -9.63%) was rated a new 'Buy' at SunTrust Robinson Humphrey with a price target of $83.

Procter & Gamble (PG +0.13%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $108.

Oxford Industries (OXM +1.20%) dropped nearly 10% in after-hours trading after it reported Q3 net sales of $233.7 million, weaker consensus of $243 million, and then forecast full-year adjusted EPS of $4.20 to $4.35, well below consensus of $4.60.

Ryder System (R +0.10%) was rated a new 'Buy' at SunTrust Robinson Humphrey with a price target of $63.

Tailored Brands (TLRD +1.51%) sank 24% in after-hours trading after it reported Q3 net sales of $812.7 million, weaker than consensus of $819.5 million, and then forecast full-year adjusted EPS of $2.30 to $2.35, the midpoint below consensus of $2.35.

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