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Sector Update: Energy
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Sector Update: Energy
Sep 26, 2024 12:07 AM

01:29 PM EDT, 09/24/2024 (MT Newswires) -- Energy stocks were mixed Tuesday afternoon, with the NYSE Energy Sector Index rising 0.2% and the Energy Select Sector SPDR Fund (XLE) down 0.1%.

The Philadelphia Oil Service Sector index was posting a 0.5% increase, and the Dow Jones US Utilities index was shedding 0.7%.

Front-month West Texas Intermediate crude oil was rising 1.5% to $71.42 a barrel, and the global benchmark Brent crude contract was advancing 1.4% to $74.94 a barrel. Henry Hub natural gas futures were 1.9% lower at $2.80 per 1 million BTU.

In corporate news, TotalEnergies (TTE) shares added 0.8% after the company said Tuesday it signed an agreement with HD Hyundai Chemical to supply 200,000 tons of liquefied natural gas per year for a seven-year period.

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