Sector Update: Energy

MT Newswires Live
Yesterday

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding about 0.8%.

The Philadelphia Oil Service Sector Index was decreasing 0.9%, and the Dow Jones US Utilities Index rose 2.6%.

Front-month West Texas Intermediate crude oil was fractionally lower at $89.39 a barrel, and the global benchmark Brent crude contract shed 0.5% to $99.86 a barrel. Henry Hub natural gas futures rose 1.3% to $3.11 per 1 million BTU.

In corporate news, Alphabet's (GOOGL) Google has entered into a 20-year deal with Constellation Energy (CEG) to add 890 megawatts of nuclear power to the PJM interconnection grid, the companies said Tuesday. Constellation shares jumped 14%.

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