Sector Update: Energy Stocks Lean Lower Pre-Bell Tuesday
MT Newswires 11/06/2024 21:22

09:22 AM EDT, 06/11/2024 (MT Newswires) -- Energy stocks were lower in pre-bell activity Tuesday, with the Energy Select Sector SPDR Fund (XLE) down 0.1%.

The United States Oil Fund (USO) was 0.2% lower and the United States Natural Gas Fund (UNG) was up 3.7%.

Front-month US West Texas Intermediate crude oil was up 0.2% at $77.88 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to reach $81.85 per barrel, and natural gas futures were up 5.1% at $3.05 per 1 million British Thermal Units.

Scorpio Tankers (STNG) shares were down more than 3% after the company said it agreed to sell five of its medium-range tankers for $179.1 million to separate buyers.

Woodside Energy Group (WDS) said it has achieved first oil from the Sangomar field offshore Senegal. Woodside Energy stock was more than 1% lower premarket.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

Stay informed with updates through our Telegram and WhatsApp channels

Access the latest financial market news
Get expert insights

Scan QR to join