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Sector Update: Energy
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Sector Update: Energy
Dec 3, 2024 12:35 PM

03:06 PM EST, 12/03/2024 (MT Newswires) -- Energy stocks rose late Tuesday afternoon with the NYSE Energy Sector Index adding 0.6% and the Energy Select Sector SPDR Fund (XLE) up 0.3%.

The Philadelphia Oil Service Sector index gained 0.6%, and the Dow Jones US Utilities index eased 0.2%.

West Texas Intermediate crude oil rose 2.8% to $70.01 a barrel, while global benchmark Brent advanced 2.6% to $73.69 a barrel. Henry Hub natural gas futures slumped 5.2% to $3.05 per 1 million BTU.

In corporate news, Atmos Energy ( ATO ) filed a registration statement Tuesday with the US Securities and Exchange Commission for the potential sale of up to $8 billion of debt securities and common stock from time to time. Its shares shed 0.7%.

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