Sector Update: Energy
MT Newswires Live54 minutes ago
Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index rising 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.5%.
The Philadelphia Oil Service Sector Index was climbing 2.1%, and the Dow Jones US Utilities Index was up 0.4%.
Front-month West Texas Intermediate crude oil rose 0.3% to $86.33 a barrel, and the global benchmark Brent crude contract advanced 1.1% to $92.47 a barrel. Henry Hub natural gas futures fell 2.1% to $3.23 per 1 million BTU.
In corporate news, Terrestrial Energy (IMSR) shares fell past 6% after Northland Securities downgraded the stock to market perform from outperform.
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