Sector Update: Energy Stocks Decline Early Friday

MT Newswires Live09-20

Energy stocks were declining in early trading Friday with the Energy Select Sector SPDR Fund (XLE) 0.7% lower recently.

The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 0.2% lower.

Front-month US West Texas Intermediate crude oil was down 0.6% at $70.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $74.40 per barrel. Natural gas futures were down 0.8% at $2.330 per 1 million British Thermal Units.

Sable Offshore (SOC) shares were down 15% after the company said it signed subscription agreements to issue 7.5 million shares of its common stock in a private placement to institutional investors for gross proceeds of around $150 million.

Diamondback Energy (FANG) shares were over 1.5% lower after it priced an underwritten public offering of about 12.8 million shares of its common stock, upsized from 11.3 million shares, by certain Legacy Endeavor stockholders.

Standard Lithium (SLI) and Equinor (EQNR) said their jointly-owned US subsidiary, SWA Lithium, has been selected for up to $225 million award negotiation by the US Department of Energy. Equinor shares were down 0.7% recently.

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/2468626371?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-20 21:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468626371","market":"nz","top_or_hot":-1,"title":"Sector Update: Energy Stocks Decline Early Friday","media":"MT Newswires Live","content":"<html><body><p> Energy stocks were declining in early trading Friday with the Energy Select Sector SPDR Fund (XLE) 0.7% lower recently.</p><p>The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 0.2% lower.</p><p>Front-month US West Texas Intermediate crude oil was down 0.6% at $70.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $74.40 per barrel. Natural gas futures were down 0.8% at $2.330 per 1 million British Thermal Units.</p><p>Sable Offshore (SOC) shares were down 15% after the company said it signed subscription agreements to issue 7.5 million shares of its common stock in a private placement to institutional investors for gross proceeds of around $150 million.</p><p><a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> (FANG) shares were over 1.5% lower after it priced an underwritten public offering of about 12.8 million shares of its common stock, upsized from 11.3 million shares, by certain Legacy Endeavor stockholders.</p><p><a href=\"https://laohu8.com/S/SLI\">Standard Lithium</a> (SLI) and Equinor (EQNR) said their jointly-owned US subsidiary, SWA Lithium, has been selected for up to $225 million award negotiation by the US Department of Energy. Equinor shares were down 0.7% recently.</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 Decline Early Friday</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 Decline Early Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-20 21:39 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 declining in early trading Friday with the Energy Select Sector SPDR Fund (XLE) 0.7% lower recently.The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas ...</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":"UCO","symbol_name":"二倍做多彭博原油ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468626371","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468626371","pubTimestamp":1726839592,"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 declining in early trading Friday with the Energy Select Sector SPDR Fund (XLE) 0.7% lower recently.The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UCO":"二倍做多彭博原油ETF","EQNR":"Equinor ASA","UNG":"美国天然气基金","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","SOC":"Sable Offshore Corp.","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","SCO":"二倍做空彭博原油指数ETF","BK4168":"多种金属与采矿","BK4570":"地缘局势概念股","FANG":"Diamondback Energy","SOC.AU":"SOCO CORP LTD","BK4585":"ETF&股票定投概念","BK4201":"综合性石油与天然气企业","BK4213":"石油与天然气的勘探与生产","USO":"美国原油ETF","XLE":"SPDR能源指数ETF","FANG.AU":"GLOBAL X FANG+ ETF","BK7061":"信息科技咨询与其它服务","BK4588":"碎股","SLI":"Standard Lithium"},"translate_title":"行业更新：能源股周五早盘下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOC.AU":1,"FANG.AU":1,"XLE":0.9,"USO":0.9,"UNG":0.9,"SOC":0.9,"EQNR":0.9,"FANG":0.9,"SLI":0.9,"UCO":0.6,"SCO":0.6},"content_text":"Energy stocks were declining in early trading Friday with the Energy Select Sector SPDR Fund (XLE) 0.7% lower recently.The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 0.2% lower.Front-month US West Texas Intermediate crude oil was down 0.6% at $70.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $74.40 per barrel. Natural gas futures were down 0.8% at $2.330 per 1 million British Thermal Units.Sable Offshore (SOC) shares were down 15% after the company said it signed subscription agreements to issue 7.5 million shares of its common stock in a private placement to institutional investors for gross proceeds of around $150 million.Diamondback Energy (FANG) shares were over 1.5% lower after it priced an underwritten public offering of about 12.8 million shares of its common stock, upsized from 11.3 million shares, by certain Legacy Endeavor stockholders.Standard Lithium (SLI) and Equinor (EQNR) said their jointly-owned US subsidiary, SWA Lithium, has been selected for up to $225 million award negotiation by the US Department of Energy. Equinor shares were down 0.7% recently.","kind":null,"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":"4.28.3","shortVersion":"4.28.3","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/2468626371"}