Sector Update: Energy

MT Newswires Live

06/27

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.7%.

The Philadelphia Oil Service Sector Index was falling 1.9%, and the Dow Jones US Utilities Index rose 0.3%.

Front-month West Texas Intermediate crude oil fell 3.9% to $69.09 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $71.73 a barrel. Henry Hub natural gas futures rose 0.2% to $3.30 per 1 million BTU.

In corporate news, FuelCell Energy (FCEL) shares jumped 20% after Jefferies upgraded the company's shares to buy from hold.

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