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
Nov 13, 2024 11:20 AM

09:00 AM EST, 11/13/2024 (MT Newswires) -- Energy stocks were advancing premarket Wednesday as the Energy Select Sector SPDR Fund (XLE) was 0.1% higher recently.

The United States Oil Fund (USO) was up 0.1% and the United States Natural Gas Fund (UNG) was 2.1% lower.

Front-month US West Texas Intermediate crude oil was 0.4% higher at $68.38 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to $72.13 per barrel, and natural gas futures were down 2.2% at $2.84 per 1 million British Thermal Units.

DHT Holdings ( DHT ) shares were up more than 2% after the company reported higher Q3 earnings and shipping revenue.

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 >
US Equity Indexes Decline as Swing to Expansion in Manufacturing Helps Push Treasury Yields Higher
US Equity Indexes Decline as Swing to Expansion in Manufacturing Helps Push Treasury Yields Higher
Apr 1, 2024
12:38 PM EDT, 04/01/2024 (MT Newswires) -- US equity indexes fell after midday Monday as government bond yields surged after a closely monitored gauge indicated expansion in manufacturing activity. The S&P 500 fell 0.3% to 5,238.7, hovering close to its record high of 5,261.1. The Nasdaq Composite fell less than 1% to 16,369.9. The Dow Jones Industrial Average at 39,553.8...
Texas Capital Bancshares Will Be Impacted By Fed's Rate Move, Says Analyst
Texas Capital Bancshares Will Be Impacted By Fed's Rate Move, Says Analyst
Apr 1, 2024
Texas Capital Bancshares Inc ( TCBI ) shares were down in early trading on Monday. The Federal Reserve is likely to cut its benchmark interest rates three times by 25 basis points (bps) each in 2024, beginning in June, and by three more times by 25bps in 2025, according to Truist Securities. The Texas Capital Bancshares ( TCBI ) Analyst: Brandon...
US STOCKS-Nasdaq jumps on megacap gains as softening inflation fans rate cut hopes
US STOCKS-Nasdaq jumps on megacap gains as softening inflation fans rate cut hopes
Apr 1, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Most megacaps, chip stocks advance * AT&T ( T ) down after reporting data leak * Indexes: S&P up 0.11%, Nasdaq up 0.58%, Dow off 0.38% (Updated at 10:02 a.m. ET/ 1402 GMT) By Shristi Achar A and Shashwat...
Wall Street opens April lower
Wall Street opens April lower
Apr 1, 2024
US Stock Market Analysis Most US stock indices opened lower on Monday, the first session of April, following strong quarterly profits. Investors are evaluating the Federal Reserves monetary policy amidst this scenario. Federal Reserve's Monetary Policy Federal Reserve Chair Jerome Powell emphasized caution regarding rate cuts, citing inflation above the 2% target. Trading Overview Dow Jones dropped 0.6%, or 232...
Copyright 2023-2025 - www.financetom.com All Rights Reserved