Sector Update: Energy

MT Newswires Live06-20

Energy stocks rose pre-bell Thursday as the Energy Select Sector SPDR Fund (XLE) was up 0.3% recently.

The United States Oil Fund (USO) was 0.6% higher and the United States Natural Gas Fund (UNG) was down 2%.

Front-month US West Texas Intermediate crude oil was up 0.7% at $81.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $85.78 per barrel, and natural gas futures were down 2.5% at $2.84 per 1 million British Thermal Units.

Sasol (SSL) shares advanced nearly 5% after the company said the High Court of South Africa ordered Transnet SOC to pay Sasol Oil and TotalEnergies' (TTE) Marketing around 6.2 billion South African rand ($340 million) in damages plus interest over a tariff dispute.

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