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Sector Update: Energy
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Sector Update: Energy
Mar 8, 2024 6:32 AM

09:05 AM EST, 03/08/2024 (MT Newswires) -- Energy stocks were edging lower premarket Friday as the Energy Select Sector SPDR Fund (XLE) was down 0.1% recently.

The United States Oil Fund (USO) was 0.4% lower and the United States Natural Gas Fund (UNG) was 0.1% higher

Front-month US West Texas Intermediate crude oil was down 0.3% at $78.69 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil lost 0.2% to $82.79 per barrel, and natural gas futures were 2.5% lower at $1.77 per 1 million British Thermal Units.

Delek Logistics Partners ( DKL ) was down more than 12% after it priced an underwritten public offering of about 3.1 million common units representing limited partner interests in the company at $38.50 per unit.

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