Sector Update: Energy

MT Newswires Live

Jun 09

Energy stocks were rising pre-bell Monday as the Energy Select Sector SPDR Fund (XLE) was 0.3% higher recently.

The United States Oil Fund (USO) was up 0.2% and the United States Natural Gas Fund (UNG) was 2.3% lower.

Front-month US West Texas Intermediate crude oil was up 0.6% at $64.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.6% to $66.89 per barrel. Natural gas futures were 1.5% lower at $3.726 per 1 million British Thermal Units.

Baker Hughes (BKR) shares were 0.9% higher after the company said it will sell its Precision Sensors & Instrumentation product line to Crane (CR) for a total cash consideration of about $1.15 billion.

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