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Sector Update: Energy Stocks Rise Friday Afternoon
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Sector Update: Energy Stocks Rise Friday Afternoon
Jun 20, 2025 11:03 AM

01:53 PM EDT, 06/20/2025 (MT Newswires) -- Energy stocks advanced Friday afternoon, with the NYSE Energy Sector Index up 0.3% and the Energy Select Sector SPDR Fund (XLE) adding 0.5%.

The Philadelphia Oil Service Sector index was falling 1.2%, and the Dow Jones US Utilities index was up 0.3%.

Front-month West Texas Intermediate crude oil was rising 0.8% to $74.10 a barrel, and the global benchmark Brent crude contract was dropping 2.2% to $77.12 a barrel. Henry Hub natural gas futures were 3.5% lower at $3.85 per 1 million BTU.

In corporate news, Centrus Energy ( LEU ) shares jumped past 6% after the US Department of Energy extended its contract to produce High-Assay, Low-Enriched Uranium, or HALEU, through June 2026, an extension valued at about $110 million.

Chevron ( CVX ) is looking for buyers for its 50% stake in Singapore Refining, including from its joint venture partner PetroChina, Reuters reported Thursday. Chevron ( CVX ) shares were fractionally lower.

UGI (UGI) shares were down 0.6% after the company said its AmeriGas Propane subsidiary has agreed to sell some assets in Hawaii to Isle Gas, a subsidiary of AMF Hawaii Investment.

EON Resources ( EONR ) shares were down more than 4%. The company said Friday its EON Energy subsidiary has entered into a June 1 purchase and sale agreement to acquire all of WPP NM and Northwest Central's interests in the South Justis Field in the Permian Basin of Lea County, New Mexico, for a total payment of 1 million shares.

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