financetom
Market
financetom
/
Market
/
Sector Update: Energy Stocks Lean Lower Pre-Bell Tuesday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Energy Stocks Lean Lower Pre-Bell Tuesday
Jun 11, 2024 6:42 AM

09:22 AM EDT, 06/11/2024 (MT Newswires) -- Energy stocks were lower in pre-bell activity Tuesday, with the Energy Select Sector SPDR Fund ( XLE ) down 0.1%.

The United States Oil Fund ( USO ) was 0.2% lower and the United States Natural Gas Fund ( UNG ) was up 3.7%.

Front-month US West Texas Intermediate crude oil was up 0.2% at $77.88 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to reach $81.85 per barrel, and natural gas futures were up 5.1% at $3.05 per 1 million British Thermal Units.

Scorpio Tankers ( SBBA ) shares were down more than 3% after the company said it agreed to sell five of its medium-range tankers for $179.1 million to separate buyers.

Woodside Energy Group ( WDS ) said it has achieved first oil from the Sangomar field offshore Senegal. Woodside Energy ( WDS ) stock was more than 1% lower premarket.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exchange-Traded Funds, US Equities Drop After Midday Friday
Exchange-Traded Funds, US Equities Drop After Midday Friday
May 26, 2025
01:14 PM EDT, 05/23/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV declined. Actively traded Invesco QQQ Trust (QQQ) fell 0.9%. US equity indexes fell as President Donald Trump's warning to impose tariffs on the European Union and Apple ( AAPL ) undermined risk sentiment. Energy IShares US Energy ETF (IYE) and the Energy Select Sector...
South African rand boosted by gold, focus on rate decision next week
South African rand boosted by gold, focus on rate decision next week
May 26, 2025
By Sfundo Parakozov JOHANNESBURG, May 23 (Reuters) - South Africa's commodity-backed currency was stronger against a weaker dollar on Friday, helped by higher gold prices as worries over the United States' worsening fiscal health sent investors into the safe-haven asset. At 1513 GMT, the rand traded at 17.88 against the dollar , about 0.7% stronger than Thursday's closing level. The...
Sector Update: Financial
Sector Update: Financial
May 26, 2025
01:27 PM EDT, 05/23/2025 (MT Newswires) -- Financial stocks fell in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both shedding 0.2%. The Philadelphia Housing Index dropped 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.1%. Bitcoin (BTC-USD) declined 2% to $109,500, and the yield for 10-year US Treasuries...
Top Midday Gainers
Top Midday Gainers
May 26, 2025
01:23 PM EDT, 05/23/2025 (MT Newswires) -- Imunon ( IMNN ) said Friday it received positive data showing improvement in overall and progression-free survival from a phase 2 study of IMNN-001, an investigational therapy for the treatment of advanced ovarian cancer. Shares more than doubled as intraday trading volume catapulted to over 330.6 million from a daily average of about...
Copyright 2023-2026 - www.financetom.com All Rights Reserved