Sector Update: Energy

MT Newswires Live

Jul 03, 2025

Energy stocks were edging higher pre-bell Thursday with the Energy Select Sector SPDR Fund (XLE) advancing by 0.1% recently.

The United States Oil Fund (USO) was up 0.3% and the United States Natural Gas Fund (UNG) was 1.8% higher.

Front-month US West Texas Intermediate crude oil was slightly lower at $67.44 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.1% to $69.03 per barrel, and natural gas futures were 1.2% higher at $3.53 per 1 million British Thermal Units.

Borr Drilling (BORR) shares were down more than 2% after the company priced its offering of 50 million common shares at $2.05 per share for gross proceeds of $102.5 million.

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