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Sector Update: Energy
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Sector Update: Energy
Jun 18, 2024 6:11 AM

08:57 AM EDT, 06/18/2024 (MT Newswires) -- Energy stocks were mixed premarket Tuesday as the Energy Select Sector SPDR Fund (XLE) was down 0.1% recently.

The United States Oil Fund (USO) was 0.2% lower and the United States Natural Gas Fund (UNG) was up 1.4%.

Front-month US West Texas Intermediate crude oil was up 0.1% at $80.39 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil marginally was 0.06% higher at $84.30 per barrel, and natural gas futures were up 2.1% at $2.85 per 1 million British Thermal Units.

Cheniere Energy (LNG) was 0.9% higher after saying its board has approved an increase in its share buyback program by an additional $4 billion through 2027.

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