Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the Energy Select Sector SPDR Fund (XLE) down 0.1%.
The Philadelphia Oil Service Sector index was shedding 0.4%, and the Dow Jones US Utilities index was up 0.3%.
US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 11.2 million barrels in the week ended June 13 following a decrease of 3.4 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 11.5 million barrels after a 3.6 million barrel decline in the previous week, a larger drop than the 2.5 million barrel decrease expected in a survey compiled by Bloomberg.
US natural gas stocks rose by 95 billion cubic feet in the week ended June 13, smaller than the 97 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 109 billion cubic feet in the previous week.
Front-month West Texas Intermediate crude oil was up 0.1% to $73.35 a barrel, and the global benchmark Brent crude contract was adding 0.1% to $76.50 a barrel. Henry Hub natural gas futures were 3% higher at $3.97 per 1 million BTU.
In corporate news, Marathon Petroleum (MPC) shares were retreating 0.8% after Evercore ISI started coverage of the stock with an in line rating and $170 price target.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。