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Sector Update: Energy
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Sector Update: Energy
Jun 6, 2024 6:17 AM

08:59 AM EDT, 06/06/2024 (MT Newswires) -- Energy stocks were steady premarket Thursday, with the Energy Select Sector SPDR Fund (XLE) recently inactive.

The United States Oil Fund (USO) was 0.2% higher, and the United States Natural Gas Fund (UNG) was up 3.5%.

Front-month US West Texas Intermediate crude was up 0.7% at $74.61 per barrel at the New York Mercantile Exchange. Global benchmark Brent gained 0.6% to $78.87 per barrel, and natural-gas futures were up 3.6% at $2.86 per 1 million BTU.

Dorian LPG ( LPG ) fell past 9% after it priced its underwritten public offering of 2 million common shares at $44.50 each.

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