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Sector Update: Energy
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Sector Update: Energy
Jan 21, 2025 10:40 AM

01:26 PM EST, 01/21/2025 (MT Newswires) -- Energy stocks were mixed Tuesday afternoon, with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) shedding 0.3%.

The Philadelphia Oil Service Sector index eased 0.1%, and the Dow Jones US Utilities index was rising 1.7%.

Front-month West Texas Intermediate crude oil was declining 2.4% to $76.05 a barrel while the global benchmark Brent crude contract was dropping 1.2% to $79.17 a barrel. Henry Hub natural gas futures were 4.6% lower at $3.77 per 1 million BTU.

In corporate news, Berry (BRY) said Tuesday it has appointed Jeff Magids as chief financial officer. Its shares down 1.3%.

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