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Sector Update: Energy Stocks Lean Lower Premarket Thursday
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Sector Update: Energy Stocks Lean Lower Premarket Thursday
Feb 13, 2025 6:54 AM

09:23 AM EST, 02/13/2025 (MT Newswires) -- Energy stocks leaned lower premarket Thursday with the Energy Select Sector SPDR Fund ( XLE ) recently declining by 0.2%.

The United States Oil Fund ( USO ) was down 0.8% and the United States Natural Gas Fund ( UNG ) was 4.3% higher.

Front-month US West Texas Intermediate crude oil was down 1.2% at $70.52 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.2% to $74.27 per barrel, and natural gas futures were 4.3% higher at $3.72 per 1 million British Thermal Units.

Genesis Energy (GEL) shares were up over 2% even after the company reported a wider Q4 net loss as revenue declined during the period.

DTE Energy ( DTE ) shares were down more than 1% after the company reported a decline in Q4 operating earnings.

PBF Energy ( PBF ) shares fell by over 4% after the company reported a wider Q4 adjusted loss as revenue fell during the quarter.

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