Sector Update: Energy

MT Newswires Live10-15

Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.

The Philadelphia Oil Service Sector Index was falling 1.6%, and the Dow Jones US Utilities Index was shedding 0.6%.

Front-month West Texas Intermediate crude oil rose 1% to $95.10 a barrel, and the global benchmark Brent crude contract advanced 0.4% to $106.08 a barrel. Henry Hub natural gas futures fell 3.2% to $3.18 per 1 million BTU.

In corporate news, Greenland Energy (GLND) shares surged 69% after President Donald Trump posted on his Truth Social platform that "Massive Oil, Gas, and Mineral Exploration is getting ready to begin" in Greenland.

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