Sector Update: Energy

MT Newswires Live09-15 21:04

Energy stocks were rising pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.

The United States Oil Fund (USO) was fractionally higher and the United States Natural Gas Fund (UNG) was up 2.2%.

Front-month US West Texas Intermediate crude oil was up 0.2% to $101.60 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.2% to $105.49 per barrel, and natural gas futures were up 1.4% at $2.94 per 1 million British Thermal Units.

Borr Drilling (BORR) shares were up more than 1% after the company said it has agreed to divest its 51% interest in two oil-drilling Mexican joint ventures to its partner in Mexico.

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