Sector Update: Energy

MT Newswires Live10-12 21:08

Energy stocks were mostly higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 1%.

The United States Oil Fund (USO) was up 2.3%, while the United States Natural Gas Fund (UNG) was 1.7% lower.

Front-month US West Texas Intermediate crude oil was up 2.1% to reach $93.83 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $106.76 per barrel, and natural gas futures were 3.6% lower at $3.10 per 1 million British Thermal Units.

DHT (DHT) shares were up more than 4% after the company said it expects time charter equivalent earnings of $141,300 per day for its fleet in Q3.

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