Sector Update: Energy

MT Newswires Live
Yesterday

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.8%.

The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.2%.

Front-month West Texas Intermediate crude oil fell 2.1% to $90.72 a barrel, and the global benchmark Brent crude contract shed 1.3% to $103.89 a barrel. Henry Hub natural gas futures lost 2.3% to $3.04 per 1 million BTU.

In corporate news, Petrobras (PBR) has agreed to buy roughly 0.8 million metric tons per year of liquefied natural gas from Cheniere Energy (LNG) subsidiary Cheniere Marketing on a free-on-board basis for 22 years in a sale and purchase agreement, Cheniere said Tuesday. Petrobras shares were down 0.8%, and Cheniere Energy was shedding 0.5%.

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