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Sector Update: Energy
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Sector Update: Energy
Jul 29, 2024 6:37 AM

09:12 AM EDT, 07/29/2024 (MT Newswires) -- Energy stocks rose in pre-bell activity Monday with the Energy Select Sector SPDR Fund (XLE) advancing by 0.03% recently.

The United States Oil Fund (USO) was 0.1% lower and the United States Natural Gas Fund (UNG) was up 1.4%.

Front-month US West Texas Intermediate crude oil was down 0.40% at $76.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.41% to $79.95 per barrel, and natural gas futures were up 1% at $2.07 per 1 million British Thermal Units.

Alliance Resource Partners ( ARLP ) shares fell by over 2% after it reported lower Q2 earnings and revenue.

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