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Sector Update: Energy
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Sector Update: Energy
Jun 4, 2024 2:44 PM

03:28 PM EDT, 06/04/2024 (MT Newswires) -- Energy stocks fell late Tuesday afternoon, with the NYSE Energy Sector Index dropping 1.8% and the Energy Select Sector SPDR Fund (XLE) falling 1.3%.

The Philadelphia Oil Service Sector index declined 2.6%, and the Dow Jones US Utilities index rose 0.2%.

West Texas Intermediate crude fell 1.3% to $73.28 per barrel, while global benchmark Brent crude sank 1.1% to $77.53 a barrel. Henry Hub natural-gas futures tumbled 6.1% to $2.59 per 1 million BTU.

In corporate news, US prosecutors are attempting to extradite an Israeli private investigator from London amid a probe into an alleged hacking-for-hire operation that targeted opponents of Exxon Mobil ( XOM ) and Elliott Management, The Wall Street Journal reported Tuesday. Exxon shares were falling 2.3%.

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