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Sector Update: Energy Stocks Gain Late Afternoon
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Sector Update: Energy Stocks Gain Late Afternoon
Sep 9, 2025 1:12 PM

03:44 PM EDT, 09/09/2025 (MT Newswires) -- Energy stocks rose late Tuesday afternoon with the NYSE Energy Sector Index advancing 1.1% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.

The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index increased 0.9%.

West Texas Intermediate crude oil rose 0.7% to $62.71 a barrel, and global benchmark Brent advanced 0.7% to $66.48 a barrel. Henry Hub natural gas futures climbed 1.4% to $3.13 per 1 million BTU.

In corporate news, Chevron ( CVX ) is working to increase natural gas supplies to Egypt, Bloomberg reported, citing an interview with Freeman Shaheen, the company's president for global gas, at a conference in Milan. Chevron ( CVX ) shares added 1%.

Shell (SHEL) is set to sign a new long-term gas purchase agreement with Hungary, Reuters reported, citing the country's foreign minister, Peter Szijjarto. Shell shares gained 0.6%.

GFL Environmental ( GFL ) acquired Superior Waste Industries from Red Dog Equity for an undisclosed cash price. GFL shares rose 1%.

Valero Energy ( VLO ) is in discussions with California lawmakers about receiving millions of dollars from the state to continue operating its San Francisco-area refinery, which is set to close in April, Bloomberg reported. Valero gained 3%.

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