Sector Update: Energy Stocks Rise Friday Afternoon

MT Newswires Live

05-10

Energy stocks advanced Friday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 0.9%.

The Philadelphia Oil Service Sector Index climbed 1.1%, and the Dow Jones US Utilities Index was up 0.1%.

West Texas Intermediate crude oil rose 1.7% to $60.95 a barrel, and benchmark Brent added 1.6% to $63.87 a barrel. Henry Hub natural gas futures jumped 5.3% to $3.78 per 1 million BTU.

In corporate news, Algonquin Power & Utilities (AQN) shares jumped 8.9% after the company reported Q1 adjusted earnings that topped analyst estimates.

BP (BP) may be at risk of a takeover after a significant drop in its share price left the UK energy giant undervalued, the Financial Times reported. BP shares popped 4.1%.

Enbridge (ENB) shares added 0.3%. The company reported Q1 adjusted earnings of CA$1.03 ($0.74) a share, up from CA$0.92 a year earlier. Analysts polled by FactSet expected CA$0.96.

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Analysts polled by FactSet expected CA$0.96.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534459558","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534459558","pubTimestamp":1746813362,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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