Sector Update: Energy

MT Newswires Live11-14 04:16

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.

The Philadelphia Oil Service Sector Index was up 1.1%, and the Dow Jones US Utilities Index was fractionally higher.

Front-month West Texas Intermediate crude oil rose 0.2% to $88.88 a barrel, and the global benchmark Brent crude contract added 0.2% to $96.04 a barrel. Henry Hub natural gas futures fell 3% to $3.24 per 1 million BTU.

In corporate news, Southern (SO) shares added 1%. The company said late Thursday it priced an offering of 35 million 2026 series A equity units at $50 each for an aggregate amount of $1.75 billion.

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