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Sector Update: Energy
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Sector Update: Energy
Jan 30, 2025 6:39 AM

09:09 AM EST, 01/30/2025 (MT Newswires) -- Energy stocks rose pre-bell Thursday with the Energy Select Sector SPDR Fund (XLE) recently up 0.1%.

The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 1.1% lower.

Front-month US West Texas Intermediate crude oil was down 0.4% at $72.34 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.3% to $75.40 per barrel. Natural gas futures were down 0.4% at $3.156 per 1 million British Thermal Units.

Valero Energy ( VLO ) shares advanced by nearly 3% after the company reported lower Q4 adjusted earnings and revenue that still topped market expectations.

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