Sector Update: Energy

MT Newswires Live10-27

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

The United States Oil Fund (USO) was down 0.8% and the United States Natural Gas Fund (UNG) was 1.3% lower.

Front-month US West Texas Intermediate crude oil was 0.5% lower at $101.22 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.5% to $115.24 per barrel, and natural gas futures were up 2.2% at $2.66 per 1 million British Thermal Units.

TotalEnergies (TTE) completed the sale of its 10% non-operated interest in the Renaissance joint venture licenses in Nigeria to Vaaris for $800 million, the company said. TotalEnergies shares were 1% lower pre-bell.

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