financetom
Market
financetom
/
Market
/
Sector Update: Energy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Energy
Jun 27, 2024 12:42 PM

03:21 PM EDT, 06/27/2024 (MT Newswires) -- Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index rising 0.2% and the Energy Select Sector SPDR Fund (XLE) shedding 0.2%.

The Philadelphia Oil Service Sector index added 0.4%, and the Dow Jones US Utilities index was fractionally lower.

West Texas Intermediate crude oil climbed 1.1% to $81.82 a barrel, while global benchmark Brent crude advanced 1.4% to $86.41 a barrel.

US natural-gas stocks rose 52 billion cubic feet in the week ended Friday, below the 54 billion increase expected in a survey compiled by Bloomberg and following the gain of 71 billion in the previous week.

Henry Hub natural gas futures fell 2.3% to $2.68 per 1 million BTU.

In other news, the US Supreme Court blocked an effort by the federal government to reject individual state plans to control ozone pollution and replace them with a single, uniform rule.

In corporate news, American Electric Power ( AEP ) shares were adding 0.9% after it said late Wednesday it has named William Fehrman as chief executive and president, starting Aug. 1.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro zone bond yields rise as traders digest hot US inflation, await Alaska summit
Euro zone bond yields rise as traders digest hot US inflation, await Alaska summit
Aug 15, 2025
LONDON, Aug 15 (Reuters) - Euro zone bond yields rose on Friday as markets continued to digest Thursday's hot U.S. inflation print while awaiting the Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin. German 10-year yields were up 6.5 basis points at 2.77%, while rate-sensitive German 2-year yields were up 2 bp at 1.96%. Germany's 10-year...
US business inventories rise as expected in June
US business inventories rise as expected in June
Aug 15, 2025
WASHINGTON (Reuters) -U.S. business inventories increased as expected in June, lifted by higher motor vehicle stocks. Inventories rose 0.2% after being unchanged in May, the Commerce Department's Census Bureau said on Friday. Inventories are a key component of gross domestic product and one of the most volatile. They increased 1.6% year on year.  Inventories decreased at a $26.0 billion annualized...
US STOCKS-Dow briefly hits record high on UnitedHealth's gains; data in focus
US STOCKS-Dow briefly hits record high on UnitedHealth's gains; data in focus
Aug 15, 2025
* Indexes: Dow up 0.22%, S&P 500 down 0.11%, Nasdaq off 0.14% * UnitedHealth ( UNH ) surges after Berkshire Hathaway ( BRK/A ) investment * Applied Materials drops on weak China demand forecast * Investors monitor Trump-Putin summit at Alaska (Updates to after markets open) By Johann M Cherian and Sanchayaita Roy Aug 15 (Reuters) - The blue-chip Dow...
KULR Stock Is Trading Higher Friday: What's Going on?
KULR Stock Is Trading Higher Friday: What's Going on?
Aug 15, 2025
KULR Technology Group, Inc. ( KULR ) shares are trading higher on Friday after the company reported better-than-expected second quarter financial results on Thursday after the market closed. What To Know: KULR ( KULR ) reported earnings per share of 22 cents, beating the consensus estimate of a 16 cent-loss. In addition, the company reported sales of $3.97 million, beating...
Copyright 2023-2026 - www.financetom.com All Rights Reserved