Sector Update: Energy

MT Newswires Live
Dec 15

Energy stocks were advancing pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.

The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 1.4% lower.

Front-month US West Texas Intermediate crude oil was down 0.6% at $57.07 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.5% to $60.80 per barrel. Natural gas futures were 0.4% lower at $4.096 per 1 million British Thermal Units.

Shell's (SHEL) consolidated financial statements for the financial year ended Dec. 31, 2024 that were audited by Ernst & Young are under a UK regulatory investigation, the Financial Reporting Council said. Shell shares were 0.6% higher premarket.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10