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Sector Update: Energy
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Sector Update: Energy
Jul 12, 2024 1:24 PM

03:23 PM EDT, 07/12/2024 (MT Newswires) -- Energy stocks rose late Friday afternoon with the NYSE Energy Sector Index adding 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.3%.

The Philadelphia Oil Service Sector index climbed 1.1%, and the Dow Jones US Utilities index advanced 1.4%.

West Texas Intermediate crude oil fell 0.5% at $82.19 a barrel, while global benchmark Brent crude decreased 0.4% to $85.05 a barrel. Henry Hub natural gas futures gained 2.4% to $2.32 per 1 million BTU.

In corporate news, Vista Energy (VIST) stock climbed 1.9%, a day after the company reported Q2 adjusted earnings of $0.74 a share, up from $0.61 a year earlier.

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