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Sector Update: Energy Stocks Gain Monday Afternoon
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Sector Update: Energy Stocks Gain Monday Afternoon
Jun 9, 2025 11:23 AM

01:57 PM EDT, 06/09/2025 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.9% and the Energy Select Sector SPDR Fund (XLE) rising 1.1%.

The Philadelphia Oil Service Sector index climbed 2.1%, and the Dow Jones US Utilities index was fractionally higher.

Front-month West Texas Intermediate crude oil rose 0.4% to $64.83 a barrel, and the global benchmark Brent crude contract advanced 0.3% to $66.68 a barrel. Henry Hub natural gas futures were 4.4% lower at $3.62 per 1 million BTU.

In corporate news, Baker Hughes ( BKR ) said Monday that it will sell its precision sensors and instrumentation product line to Crane (CR) for $1.15 billion as part of its efforts to optimize its portfolio for better returns. Baker Hughes ( BKR ) shares added 1.7%.

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 rose 2.9% 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.

Sunnova Energy International ( NOVA ) said it has filed for Chapter 11 bankruptcy in Texas.

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