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FINWIRES

Sector Update: Energy

-- Energy stocks were sharply lower late Friday afternoon, with the NYSE Energy Sector Index dropping 3.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.8%.

The Philadelphia Oil Service Sector Index declined 1%, and the Dow Jones US Utilities Index decreased 0.6%.

Front-month West Texas Intermediate crude oil slumped 10% to $84.78 a barrel, and the global benchmark Brent crude contract dropped 8.6% to $90.82 a barrel. Henry Hub natural gas futures rose 1.2% to $2.68 per 1 million BTU.

In corporate news, Exelon (EXC) shares fell 1.5% after multiple brokerages downgraded the energy provider.

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Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

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