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Sector Update: Energy
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Sector Update: Energy
Apr 10, 2024 6:40 AM

09:01 AM EDT, 04/10/2024 (MT Newswires) -- Energy stocks were down premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) 0.4% lower recently.

The United States Oil Fund (USO) was 0.4% higher and the United States Natural Gas Fund (UNG) was up 1.9%.

Front-month US West Texas Intermediate crude oil was up 0.5% at $85.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil gained 0.4% to $89.76 per barrel, and natural gas futures were up 1.9% at $1.91 per 1 million British Thermal Units.

Diamondback Energy ( FANG ) was 0.4% lower after it priced an offering of $850 million of 5.2% notes maturing in April 2027, $850 million of 5.15% notes maturing in January 2030, $1.3 billion of 5.4% notes maturing in April 2034, $1.5 billion of 5.75% notes maturing in April 2054 and $1 billion of 5.9% notes maturing in April 2064.

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