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Sector Update: Energy
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Sector Update: Energy
Jul 11, 2024 6:29 AM

09:01 AM EDT, 07/11/2024 (MT Newswires) -- Energy stocks were steady premarket Thursday with the Energy Select Sector SPDR Fund (XLE) inactive recently.

The United States Oil Fund (USO) was down fractionally and the United States Natural Gas Fund (UNG) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was up 0.3% at $82.34 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to $85.31 per barrel, and natural gas futures were down 1.3% at $2.30 per 1 million British Thermal Units.

Calumet Specialty Products Partners ( CLMT ) was almost 1% lower after saying it completed the change of its business structure from a master limited partnership to a C-corporation.

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