FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Energy

By

-- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index increasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.8%.

The Philadelphia Oil Service Sector Index was decreasing 0.2%, and the Dow Jones US Utilities Index was shedding 0.4%.

Front-month West Texas Intermediate crude oil climbed 3.2% to $105.22 a barrel, and the global benchmark Brent crude contract jumped 5.5% to $114.10 a barrel. Henry Hub natural gas futures rose 2.5% to $2.85 per 1 million BTU.

In corporate news, Clean Energy Fuels (CLNE) shares gained 4.1% after it said Monday it is opening six new renewable natural gas stations along major US freight transportation routes to expand its station network.

Related Articles