Sector Update: Energy Stocks Rise in Thursday Afternoon Trading

MT Newswires Live2024-08-16

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 1.2%.

The Philadelphia Oil Service Sector Index climbed 2.1%, while the Dow Jones US Utilities index eased 0.2%.

Front-month West Texas Intermediate crude oil was rising 1.7% to $78.32 a barrel while the global benchmark Brent crude contract was advancing 1.8% to $81.18 a barrel. Henry Hub natural gas futures were 1.7% higher at $2.26 per 1 million BTU.

US natural gas stocks fell by 6 billion cubic feet in the week ended Aug. 9, compared with the 1 billion cubic feet increase expected in a survey compiled by Bloomberg and following an increase of 21 billion cubic feet in the previous week. Stocks at 3.264 trillion cubic feet were 6.8% higher than in the comparable week a year ago and 13% above their 5-year average.

In corporate news, HNR Acquisition (HNRA) shares were up 0.6%. The upstream energy company said it's making upgrades to its electrical systems that will increase capacity for current needs and future growth.

Chevron (CVX) has agreed to pay $550 million over the next 10 years to the City of Richmond in California in exchange for the city's withdrawal of a ballot initiative to add a new tax, the city council said. Chevron shares were rising 1.8%.

BW LPG (BWLP) shares were down 0.5%. The firm said it struck a deal to buy 12 Very Large Gas Carriers from Avance Gas for $1.05 billion.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2459405490?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-16 01:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2459405490","market":"sh","top_or_hot":-1,"title":"Sector Update: Energy Stocks Rise in Thursday Afternoon Trading","media":"MT Newswires Live","content":"<html><body><p> Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 1.2%.</p><p>The Philadelphia Oil Service Sector Index climbed 2.1%, while the Dow Jones US Utilities index eased 0.2%.</p><p>Front-month West Texas Intermediate crude oil was rising 1.7% to $78.32 a barrel while the global benchmark Brent crude contract was advancing 1.8% to $81.18 a barrel. Henry Hub natural gas futures were 1.7% higher at $2.26 per 1 million BTU.</p><p>US natural gas stocks fell by 6 billion cubic feet in the week ended Aug. 9, compared with the 1 billion cubic feet increase expected in a survey compiled by Bloomberg and following an increase of 21 billion cubic feet in the previous week. Stocks at 3.264 trillion cubic feet were 6.8% higher than in the comparable week a year ago and 13% above their 5-year average.</p><p>In corporate news, HNR Acquisition (HNRA) shares were up 0.6%. The upstream energy company said it's making upgrades to its electrical systems that will increase capacity for current needs and future growth.</p><p>Chevron (CVX) has agreed to pay $550 million over the next 10 years to the City of Richmond in California in exchange for the city's withdrawal of a ballot initiative to add a new tax, the city council said. Chevron shares were rising 1.8%.</p><p>BW LPG (BWLP) shares were down 0.5%. The firm said it struck a deal to buy 12 Very Large Gas Carriers from Avance Gas for $1.05 billion.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Energy Stocks Rise in Thursday Afternoon Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Energy Stocks Rise in Thursday Afternoon Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-16 01:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 1.2%.The Philadelphia Oil Service Sector Index climbed ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0256863811.USD","symbol_name":"ALLIANZ US EQUITY \"A\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2459405490","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459405490","pubTimestamp":1723744513,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 1.2%.The Philadelphia Oil Service Sector Index climbed 2.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK4566":"资本集团","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4559":"巴菲特持仓","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","XLE":"SPDR能源指数ETF","BK4550":"红杉资本持仓","BK4588":"碎股","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4581":"高盛持仓","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","CVX":"雪佛龙","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4201":"综合性石油与天然气企业","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","BK4144":"石油与天然气的储存和运输","BK4592":"伊斯兰概念","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BWLP":"BW LPG LTD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4570":"地缘局势概念股","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0122376428.USD":"贝莱德世界能源基金A2","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK4534":"瑞士信贷持仓"},"translate_title":"行业更新：周四下午交易中能源股上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLE":1,"CVX":0.9,"HNRA":0.9,"BWLP":0.9},"content_text":"Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising about 1.2%.The Philadelphia Oil Service Sector Index climbed 2.1%, while the Dow Jones US Utilities index eased 0.2%.Front-month West Texas Intermediate crude oil was rising 1.7% to $78.32 a barrel while the global benchmark Brent crude contract was advancing 1.8% to $81.18 a barrel. Henry Hub natural gas futures were 1.7% higher at $2.26 per 1 million BTU.US natural gas stocks fell by 6 billion cubic feet in the week ended Aug. 9, compared with the 1 billion cubic feet increase expected in a survey compiled by Bloomberg and following an increase of 21 billion cubic feet in the previous week. Stocks at 3.264 trillion cubic feet were 6.8% higher than in the comparable week a year ago and 13% above their 5-year average.In corporate news, HNR Acquisition (HNRA) shares were up 0.6%. The upstream energy company said it's making upgrades to its electrical systems that will increase capacity for current needs and future growth.Chevron (CVX) has agreed to pay $550 million over the next 10 years to the City of Richmond in California in exchange for the city's withdrawal of a ballot initiative to add a new tax, the city council said. Chevron shares were rising 1.8%.BW LPG (BWLP) shares were down 0.5%. The firm said it struck a deal to buy 12 Very Large Gas Carriers from Avance Gas for $1.05 billion.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459405490"}