Sector Update: Energy Stocks Rise Late Afternoon

MT Newswires Live09-13

Sector Update: Energy Stocks Rise Late Afternoon Energy stocks were rising late Thursday afternoon, with the NYSE Energy Sector Index adding 0.7% and the Energy Select Sector SPDR Fund (XLE) up 0.9%....

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World oil demand is now expected to increase by 900,000 barrels a day this year. This reflects a downgrade from the agency's prior growth outlook of 970,000 barrels, Tudor Pickering Holt said in a note to clients.Front-month West Texas Intermediate crude oil rose 2.7% to $69.12 a barrel while the global benchmark Brent crude contract advanced 2.1% to $72.12 a barrel.US natural gas stocks rose by 40 billion cubic feet in the week ended Sept. 6, below the 48 billion increase expected in a survey compiled by Bloomberg and following an increase of 13 billion cubic feet in the previous week.Henry Hub natural gas futures jumped 3.9% to $2.36 per 1 million BTU.In corporate news, GE Vernova (GEV) shares popped nearly 3% as Evercore ISI raised the company's price target to $240 from $202.CN Energy (CNEY) shares plunged 50% after the company said late Wednesday that it has been notified that it's not in compliance with Nasdaq's minimum market value rule.Altus Power (AMPS) shares added 1.7% after the company said Thursday that it has added two operational solar projects in Colorado with a combined capacity of 2.5 megawatts.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.2","shortVersion":"4.29.2","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/2467323733"}