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Sector Update: Energy
Nov 9, 2024 12:33 PM

03:36 PM EST, 11/07/2024 (MT Newswires) -- Energy stocks were mixed late Thursday afternoon with the NYSE Energy Sector Index adding 0.5% and the Energy Select Sector SPDR Fund (XLE) shedding 0.2%.

The Philadelphia Oil Service Sector index fell 1.6%, and the Dow Jones US Utilities index rose 0.3%.

West Texas Intermediate crude oil gained 0.7% to $72.18 a barrel, while global benchmark Brent advanced 0.8% to $75.51 a barrel. Henry Hub natural gas futures fell 2.1% to $2.69 per 1 million BTU.

US natural gas stocks rose 69 billion cubic feet in the week ended Friday, toping the 68 billion gain expected in a Bloomberg survey and following an increase of 78 billion in the previous week.

In corporate news, Vistra ( VST ) shares jumped 8.4%. The company reported Q3 net income rose to $1.84 billion $502 million a year earlier.

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