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Sector Update: Energy
May 31, 2024 6:56 AM

09:15 AM EDT, 05/31/2024 (MT Newswires) -- Energy stocks were edging higher premarket Friday as the Energy Select Sector SPDR Fund (XLE) was up 0.2% recently.

The United States Oil Fund (USO) was 0.4% higher and the United States Natural Gas Fund (UNG) rose 0.3%.

Front-month US West Texas Intermediate crude oil was up 0.7% at $78.43 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to $82.01 per barrel, and natural gas futures were down 0.5% at $2.56 per 1 million British Thermal Units.

Clean Energy Fuels ( CLNE ) was still up 1% amid an agreement to provide ultra-clean renewable natural gas for 39 of Cemex US' ready-mix and cement bulk trucks in Southern California.

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