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Sector Update: Energy
Apr 6, 2026 1:04 PM

03:38 PM EDT, 04/06/2026 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%.

The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index was shedding 0.4%.

Front-month West Texas Intermediate crude oil was rising 1.3% to $112.94 a barrel, and the global benchmark Brent crude contract was advancing 1% to $110.14 a barrel. Henry Hub natural gas futures rose 0.1% to $2.80 per 1 million BTU.

In corporate news, Sable Offshore's ( SOC ) plan to move oil through California pipelines, backed by the US Pipeline and Hazardous Materials Safety Administration, or PHMSA, is being opposed by California Attorney General Rob Bonta, according to a statement from the state official on Monday. Sable shares were down more than 7%.

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