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Sector Update: Energy
Sep 26, 2024 2:19 AM

03:20 PM EDT, 09/24/2024 (MT Newswires) -- Energy stocks were mixed late Tuesday afternoon with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) down 0.1%.

The Philadelphia Oil Service Sector index rose 0.3%, and the Dow Jones US Utilities index fell 0.7%.

West Texas Intermediate crude oil gained 1.7% to $71.59 a barrel, and global benchmark Brent advanced 1.8% to $75.19 a barrel. Henry Hub natural gas futures fell 1.7% to $2.57 per 1 million BTU.

In corporate news, PG&E ( PCG ) got $34.5 million in grants from the US Department of Energy to support 19 hydroelectric projects in the utility's network. PG&E ( PCG ) shares fell 0.9%.

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