Sector Update: Energy

MT Newswires Live10-30

Energy stocks were mixed Thursday afternoon, with the NYSE Energy Sector Index up 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.3%.

The Philadelphia Oil Service Sector Index added 0.7%, and the Dow Jones US Utilities Index advanced 1.4%.

Front-month West Texas Intermediate crude oil was falling 1% to $101.80 a barrel, and the global benchmark Brent crude contract shed 0.7% to $114.50 a barrel. Henry Hub natural gas futures dropped 3.5% to $2.93 per 1 million BTU.

In corporate news, NextDecade (NEXT) shares jumped 14% after the company reported that it swung to Q3 earnings of $0.54 per diluted share, from a $0.42 loss per share a year earlier.

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