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Sector Update: Energy Stocks Gain Late Afternoon
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Sector Update: Energy Stocks Gain Late Afternoon
Jun 9, 2025 1:15 PM

03:53 PM EDT, 06/09/2025 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding about 0.5%.

The Philadelphia Oil Service Sector index climbed 1.9%, and the Dow Jones US Utilities index was down 0.3%.

Front-month West Texas Intermediate crude oil rose 1.2% to $65.35 a barrel, and the global benchmark Brent crude contract advanced 0.9% to $67.06 a barrel. Henry Hub natural gas futures were 3.8% lower at $3.64 per 1 million BTU.

In corporate news, Plug Power ( PLUG ) shares surged 28% after the company said Chief Financial Officer Paul Middleton bought 650,000 shares at an average price of $1.03 per share.

GFL Environmental ( GFL ) is considering selling a stake in its infrastructure arm Green Infrastructure Partners, Bloomberg reported. GFL Environmental ( GFL ) shares rose 2.4%.

Cameco ( CCJ ) shares jumped past 11%. The company said late Friday that it expects a roughly $170 million rise in its share of Westinghouse Electric's Q2 and 2025 adjusted earnings before interest, taxes, depreciation, and amortization.

Halliburton ( HAL ) shares popped 2.4% after the company said it has been selected by Repsol Resources to support the full well lifecycle of its platform assets in the UK North Sea.

Edison International ( EIX ) shares fell 7.9% after Wolfe Research downgraded the stock to peer perform from outperform.

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