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Sector Update: Energy
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Sector Update: Energy
Sep 6, 2024 1:00 PM

08:57 AM EDT, 09/05/2024 (MT Newswires) -- Energy stocks rose in Thursday's pre-bell hours as the Energy Select Sector SPDR Fund (XLE) was up 0.6% recently.

The United States Oil Fund (USO) was 1.4% higher and the United States Natural Gas Fund (UNG) was up 2.1%.

Front-month US West Texas Intermediate crude oil was up 0.9% at $69.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $73.31 per barrel, and natural gas futures were up 1.6% at $2.18 per 1 million British Thermal Units.

Crescent Energy ( CRGY ) shares were down over 1% after the company's indirect subsidiary, Crescent Energy Finance, priced a $250 million private placement of senior notes due 2033.

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