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Sector Update: Energy Stocks Steady Premarket Thursday
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Sector Update: Energy Stocks Steady Premarket Thursday
Mar 7, 2024 6:51 AM

09:28 AM EST, 03/07/2024 (MT Newswires) -- Energy stocks were steady premarket Thursday, with the Energy Select Sector SPDR Fund ( XLE ) up 0.1%.

The United States Oil Fund ( USO ) was 0.3% lower and the United States Natural Gas Fund ( UNG ) was down 2%.

Front-month US West Texas Intermediate crude oil was down 0.3% at $78.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil lost 0.4% to reach $82.73 per barrel, and natural gas futures were 0.7% lower at $1.92 per 1 million British Thermal Units.

Kodiak Gas Services ( KGS ) was more than 10% lower after reporting overnight it swung to a Q4 loss.

Riley Exploration Permian ( REPX ) was up nearly 2% after it reported late Wednesday higher Q4 net income and revenue.

Vermilion Energy ( VET ) was down 2.3% after it reported overnight a swing to Q4 loss.

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