financetom
Market
financetom
/
Market
/
Sector Update: Energy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Energy
Oct 3, 2024 12:38 AM

01:31 PM EDT, 09/23/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.5%.

The Philadelphia Oil Service Sector index was posting a 0.6% increase, and the Dow Jones US Utilities index was adding 0.8%.

Front-month West Texas Intermediate crude oil was declining 1.2% to $70.17 a barrel while the global benchmark Brent crude contract was dropping 1% to $73.75 a barrel. Henry Hub natural gas futures jumped 6.4% to $2.59 per 1 million BTU.

In corporate news, Exxon Mobil ( XOM ) was sued by California Attorney General Rob Bonta for allegedly misleading public statements about plastics recycling as a solution to the plastics pollution crisis. Exxon shares were rising 1%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Investment Guru Peter Lynch: 'If You Invest Only in an Index, You'll Never Beat It. Brushing Up on Stock-Picking Skills Is Wise'
Investment Guru Peter Lynch: 'If You Invest Only in an Index, You'll Never Beat It. Brushing Up on Stock-Picking Skills Is Wise'
Jan 5, 2025
Esteemed investor Peter Lynch, celebrated for his extraordinary 13-year tenure managing the Fidelity Magellan fund has shared his investment insights and views on the evolving stock market landscape. What Happened: Lynch, whose impressive 29% annualized return from 1977 to 1990 still stands, discussed his investment tactics and the transformation of the stock market. He stressed the significance of investing in sectors and companies that investors...
JGB yields hit multi-year highs, tracking US Treasury yields higher
JGB yields hit multi-year highs, tracking US Treasury yields higher
Jan 5, 2025
TOKYO, Jan 6 (Reuters) - Japanese government bond yields rose to multi-year highs on Monday, the first trading day for 2025, tracking U.S. Treasury yields higher, with an auction in the next session weighing on sentiment. The 10-year JGB yield rose 3.5 basis points to 1.125%, its highest level since July 2011. The yield rose to track U.S. Treasury yields...
Crude Oil Prices Edge Lower on Strong U.S. Dollar as Market Awaits U.S. Economic Data
Crude Oil Prices Edge Lower on Strong U.S. Dollar as Market Awaits U.S. Economic Data
Jan 6, 2025
05:10 AM EST, 01/06/2025 (MT Newswires) -- Crude oil prices edged lower on a strong U.S. dollar as the market awaits key economic data from the U.S. Brent crude lost 0.2% to US$76.37 per barrel and West Texas Intermediate crude was down 0.2% to US$73.84/b at last look early Monday. Both benchmarks on Friday closed at their highest levels since...
Jan 5, 2025
...
Copyright 2023-2025 - www.financetom.com All Rights Reserved