Sector Update: Energy

MT Newswires Live04-15

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.1%.

The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 0.4% higher.

Front-month US West Texas Intermediate crude oil was 0.4% higher at $91.60 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.6% to $95.32 per barrel, and natural gas futures were up 0.3% at $2.61 per 1 million British Thermal Units.

Borr Drilling (BORR) shares were down more than 1% after the company priced a $260 million offering of 3.50% senior notes due 2033.

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