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Sector Update: Energy Stocks Mixed Premarket Monday
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Sector Update: Energy Stocks Mixed Premarket Monday
Aug 19, 2024 6:37 AM

09:26 AM EDT, 08/19/2024 (MT Newswires) -- Energy stocks were mixed premarket Monday as the Energy Select Sector SPDR Fund ( XLE ) was up 0.3% recently.

The United States Oil Fund ( USO ) was slightly lower and the United States Natural Gas Fund ( UNG ) was up 2.8%.

Front-month US West Texas Intermediate crude oil was down 0.2% at $76.52 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.2% to $79.47 per barrel, and natural gas futures were up 2.8% at $2.18 per 1 million British Thermal Units.

Schlumberger ( SLB ) and Palo Alto Networks ( PANW ) are expanding their partnership to enhance cybersecurity for the energy industry, the companies said. Schlumberger ( SLB ) shares were 0.1% higher pre-bell.

Enlight Renewable Energy ( ENLT ) said it has begun commercial operations at the 60-megawatt, $48 million Tapolca solar power project in Hungary. Enlight Renewable Energy ( ENLT ) shares were down nearly 2% premarket.

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