Sector Update: Energy

MT Newswires Live
9小時前

Energy stocks rose late Friday afternoon with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.3%.

The Philadelphia Oil Service Sector Index advanced 0.7%, and the Dow Jones US Utilities Index increased 0.5%.

West Texas Intermediate crude oil fell 1.9% to $91.09 a barrel, and global benchmark Brent rose 0.1% to $102.41 a barrel. Henry Hub natural gas futures advanced 2.4% to $3.04 per 1 million BTU.

In corporate news, Range Resources (RRC) had no curtailments despite recent weakness in daily gas markets, while improving fundamentals for natural gas liquids and stronger export pricing should support cash flow into year-end, UBS Securities said. Range shares rose 1.5%.

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