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Sector Update: Energy
Jul 19, 2024 6:11 AM

08:54 AM EDT, 07/19/2024 (MT Newswires) -- Energy stocks were steady premarket Friday, with The Energy Select Sector SPDR Fund (XLE) inactive.

The United States Oil Fund (USO) was 0.6% higher and the United States Natural Gas Fund (UNG) was down 0.9%.

Front-month US West Texas Intermediate crude oil was down 0.2% at $82.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.2% to reach $84.95 per barrel, and natural gas futures were down 2.5% at $2.07 per 1 million British Thermal Units.

Halliburton ( HAL ) shares were down nearly 4% after the company reported a Q2 revenue of $5.83 billion, up from $5.80 billion a year earlier but missing the $5.95 billion forecast from analysts polled by Capital IQ.

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