Sector Update: Energy

MT Newswires Live
Aug 20

Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.3%.

The Philadelphia Oil Service Sector Index was adding 0.6%, and the Dow Jones US Utilities Index was fractionally lower.

Front-month West Texas Intermediate crude oil rose 2.3% to $86.85 a barrel, and the global benchmark Brent crude contract advanced 1.6% to $92.51 a barrel. Henry Hub natural gas futures added 2.3% to $2.84 per 1 million BTU.

In corporate news, Energy Fuels (UUUU) shares gained 4.3% after it said Wednesday that terbium oxide produced at the White Mesa Mill in Utah has been qualified for commercial use by one of Japan's largest rare earth permanent magnet manufacturers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10