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Sector Update: Energy
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Sector Update: Energy
Jun 7, 2024 6:42 AM

09:05 AM EDT, 06/07/2024 (MT Newswires) -- Energy stocks were leaning lower pre-bell Friday, with the Energy Select Sector SPDR Fund (XLE) declining by 0.3%.

The United States Oil Fund (USO) was 0.4% higher and the United States Natural Gas Fund (UNG) was up 0.6%.

Front-month US West Texas Intermediate crude oil was up 0.4% at $75.84 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to reach $80.10 per barrel, and natural gas futures were up 0.3% at $2.83 per 1 million British Thermal Units.

NGL Energy Partners ( NGL ) was over 13% lower after it reported a wider fiscal Q4 loss as revenue declined during the period.

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