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Sector Update: Energy
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Sector Update: Energy
May 8, 2024 6:36 AM

09:02 AM EDT, 05/08/2024 (MT Newswires) -- Energy stocks were leaning lower premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) down 0.6% recently

The United States Oil Fund (USO) was 1.1% lower and the United States Natural Gas Fund (UNG) was up 1.9%.

Front-month US West Texas Intermediate crude oil was down 1.1% at $77.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.1% to $82.25 per barrel. Natural gas futures were up 2.5% at $2.262 per 1 million British Thermal Units.

Sunoco ( SUN ) was up nearly 2% after it reported higher Q1 earnings and revenue.

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