Sector Update: Energy

MT Newswires Live11-13 04:42

Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising 1.7%.

The Philadelphia Oil Service Sector Index was down 0.1%, and the Dow Jones US Utilities Index increased 0.2%.

Front-month West Texas Intermediate crude oil rose 2.7% to $88.90 a barrel, and the global benchmark Brent crude contract advanced 3.5% to $95.98 a barrel. Henry Hub natural gas futures climbed 3.9% to $3.34 per 1 million BTU.

In corporate news, Oklo (OKLO) said Thursday it has signed multiple definitive, multiyear contracts with uranium enrichment and nuclear fuel services provider Centrus Energy (LEU) for high-assay low-enriched uranium. Oklo shares were down past 4%, and Centrus dropped more than 6%.

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