Sector Update: Energy

MT Newswires Live

May 27, 2025

Energy stocks were advancing premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) up 0.7%.

The United States Oil Fund (USO) was down 1.2% and The United States Natural Gas Fund (UNG) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was down marginally at $61.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil advanced to $64.75 per barrel, and natural gas futures were 0.1% lower at $3.33 per 1 million British Thermal Units.

Sable Offshore (SOC) shares were up more than 2% after the company said it has closed a $295 million upsized underwritten public offering of shares.

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