Sector Update: Energy

MT Newswires Live06-12 21:09

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.5% lower.

The United States Oil Fund (USO) was down 1.4% and the United States Natural Gas Fund (UNG) was 0.5% higher.

Front-month US West Texas Intermediate crude oil was 2.7% lower at $85.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.4% to $88.25 per barrel, and natural gas futures were up 0.5% at $3.10 per 1 million British Thermal Units.

Venture Global (VG) stock was down more than 1% after the company said it closed an offering of $1.13 billion of 6.375% senior secured notes due Dec. 15, 2034, and $1.13 billion of 6.625% senior secured notes due June 15, 2036.

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