Sector Update: Energy

MT Newswires Live2025-12-29

Energy stocks were advancing pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.7%.

The United States Oil Fund (USO) was up 1.9% and the United States Natural Gas Fund (UNG) was 1.1% higher.

Front-month US West Texas Intermediate crude oil was up 2.4% at $58.11 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 2.3% to $62.01 per barrel, and natural gas futures were 1.9% higher at $4.45 per 1 million British Thermal Units.

Chevron (CVX) has entered into a $120 million prepayment and commercial agreement with Frontera Energy's Colombian subsidiary, Frontera said. Chevron shares were 0.5% higher premarket.

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