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Sector Update: Energy Stocks Decline Premarket Tuesday
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Sector Update: Energy Stocks Decline Premarket Tuesday
Apr 30, 2024 6:55 AM

09:26 AM EDT, 04/30/2024 (MT Newswires) -- Energy stocks were declining premarket Tuesday with the Energy Select Sector SPDR Fund ( XLE ) down 0.2% recently.

The United States Oil Fund ( USO ) was 0.6% lower and the United States Natural Gas Fund ( UNG ) was up 0.6%.

Front-month US West Texas Intermediate crude oil was down 0.2% at $82.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil fell 0.2% to $87.02 per barrel. Natural gas futures were up 1.0% at $2.051 per 1 million British Thermal Units.

CVR Energy ( CVI ) was down more than 1% after it reported lower Q1 adjusted earnings and net sales.

Marathon Petroleum ( MPC ) was down 0.2% after it reported lower Q1 net income and revenue.

Enterprise Products Partners ( EPD ) was up 0.3% after it reported higher Q1 earnings and revenue.

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