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Sector Update: Energy Stocks Steady Premarket Monday
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Sector Update: Energy Stocks Steady Premarket Monday
Dec 30, 2024 6:42 AM

09:17 AM EST, 12/30/2024 (MT Newswires) -- Energy stocks were steady premarket Monday with the Energy Select Sector SPDR Fund ( XLE ) flat recently.

The United States Oil Fund ( USO ) was 1.4% higher and the United States Natural Gas Fund ( UNG ) was up 17%.

Front-month US West Texas Intermediate crude oil was up 0.5% at $70.98 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil added 0.3% to $74.40 per barrel, and natural gas futures were up 17% at $3.95 per 1 million British Thermal Units.

Nano Nuclear Energy ( NNE ) reported a fiscal 2024 net loss Monday of $0.39 per share, widening from a loss of $0.28 a year earlier. The company's shares lost 4.7%.

Baker Hughes ( BKR ) said Monday it has received an order from Bechtel Energy to supply gas technology equipment for two liquefaction plants for phase one of Woodside Energy Group's ( WDS ) Louisiana LNG project. Baker Hughes ( BKR ) shares were down 0.7% and Woodside Energy Group ( WDS ) shares were up 0.2%.

Snow Lake Resources ( LITM ) , which does business as Snow Lake Energy, said Sunday it has priced a public offering of about 18.8 million shares at $0.80 per share. The company's shares slumped 38% pre-bell Monday.

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