Sector Update: Energy-July 2024-www.financetom.com

Market

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Sector Update: Energy

Feb 11, 2025 6:26 AM

09:10 AM EST, 02/11/2025 (MT Newswires) -- Energy stocks were rising premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) up 0.8%.

The United States Oil Fund (USO) was up 1.4% and the United States Natural Gas Fund (UNG) was 2% higher.

Front-month US West Texas Intermediate crude oil was up 1.8% at $73.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.8% to reach $77.25 per barrel, and natural gas futures were 2.2% higher at $3.52 per 1 million British Thermal Units.

Elliott Investment Management disclosed an investment of over $2.50 billion in Phillips 66 (PSX) and proposed the "Streamline66" plan to simplify the company's portfolio, review its operations, and elect new independent directors. Phillips 66 shares were over 6% higher pre-bell.

Previous page： EMERGING MARKETS-Latam assets dip on US Republican majority, regional uncertainties Next page： US STOCKS-Wall Street muted as focus moves to economic data

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.

Show More Comments

Related Articles >

EMERGING MARKETS-Latam assets dip on US Republican majority, regional uncertainties

Nov 12, 2024

* S&P sees cautious Mexico economic policy, US trade challenges * Mexico econ min suggests possible retaliation against US * Colombia economy seen growing 2.3% in Q3 from a year ago * El Salvador offers to buy back debt, bonds rise (Updated at 2:30 p.m. ET) By Johann M Cherian and Pranav Kashyap Nov 12 (Reuters) - Most Latin American...

US STOCKS-Wall Street muted as focus moves to economic data

Nov 12, 2024

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Novavax ( NVAX ) drops after cutting annual revenue forecast * Shopify's US-listed shares climb after quarterly revenue beat * Indexes up: Dow 0.24%, S&P 500 0.10%, Nasdaq 0.05% (Updated at 09:44 a.m. ET/ 1444 GMT) By Lisa Pauline...

US STOCKS-Wall Street dips as focus moves to economic data

Nov 12, 2024

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Novavax ( NVAX ) drops on cutting annual revenue forecast * Honeywell ( HON ) jumps after Elliott discloses stake * Russell 2000 falls more than 1% * Indexes down: Dow 0.47%, S&P 500 0.27%, Nasdaq 0.15% (Updated at...

Sector Update: Consumer Stocks Mixed Tuesday Afternoon

Nov 12, 2024

01:51 PM EST, 11/12/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%. Redbook US same-store sales last week rose 4.8% from a year earlier, slower than a 6% increase in the previous week. In corporate news, Shopify...