Sector Update: Energy

MT Newswires Live06-04

Energy stocks were leaning lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.8%.

The United States Oil Fund (USO) was down 3.1% and the United States Natural Gas Fund (UNG) was 2% higher.

Front-month US West Texas Intermediate crude oil was 3.3% lower at $92.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3% to $94.89 per barrel, and natural gas futures were up 2.9% at $3.31 per 1 million British Thermal Units.

Expro Group (XPRO) shares were up more than 1% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.

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