Sector Update: Energy

MT Newswires Live
4 hours ago

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.

The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 0.2%.

Front-month West Texas Intermediate crude oil rose 1.8% to $92.04 a barrel, and the global benchmark Brent crude contract climbed 3.4% to $101.32 a barrel. Henry Hub natural gas futures fell 2% to $2.97 per 1 million BTU.

In corporate news, Constellation Energy (CEG) shares rose 2.1% after the company and Amazon (AMZN) said late Wednesday they have signed a long-term agreement to support investment in and expansion of the Calvert Cliffs Clean Energy Center in Maryland. The deal is expected to back over $3 billion in infrastructure investment at the 1,790-megawatt nuclear plant, the companies said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10