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Sector Update: Energy Stocks Advance Premarket Friday
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Sector Update: Energy Stocks Advance Premarket Friday
Mar 14, 2025 6:41 AM

09:24 AM EDT, 03/14/2025 (MT Newswires) -- Energy stocks advanced premarket Friday as the Energy Select Sector SPDR Fund ( XLE ) was 0.5% higher recently.

The United States Oil Fund ( USO ) was up 0.4% and the United States Natural Gas Fund ( UNG ) was 1% lower.

Front-month US West Texas Intermediate crude oil was up 0.3% at $66.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to $70.10 per barrel, and natural gas futures were 2.7% lower at $4.00 per 1 million British Thermal Units.

MRC Global ( MRC ) shares fell by over 4% after the company reported that it swung to a Q4 adjusted net loss as sales fell during the period.

Mach Natural Resources ( MNR ) shares advanced by over 3% after the company reported a Q4 net income of $36.5 million and revenue of $234.9 million, with no comparable data from the prior year.

BP (BP) said it stopped a gas leak at its Greater Tortue Ahmeyim project off West Africa. BP shares were over 1% higher premarket.

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