Sector Update: Energy

MT Newswires Live01:26

Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.6%.

The Philadelphia Oil Service Sector Index was climbing 2.9%, and the Dow Jones US Utilities Index was up 0.7%.

Front-month West Texas Intermediate crude oil rose 1.1% to $82.15 a barrel, and the global benchmark Brent crude contract advanced 1.3% to $88.18 a barrel. Henry Hub natural gas futures added 0.9% to $2.75 per 1 million BTU.

In corporate news, Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created an oil-and-gas company valued at about $180 billion, Semafor reported. Phillips 66 shares were down 0.2%, and Marathon was shedding 0.8%.

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Phillips 66 shares were down 0.2%, and Marathon was shedding 0.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1201861249.SGD","symbol_name":"Natixis Harris Associates US Equity PA SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2659123748","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2659123748","pubTimestamp":1786728398,"columns":[],"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. 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