Sector Update: Energy

MT Newswires Live01:30

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.5%.

The Philadelphia Oil Service Sector Index was decreasing 0.6%, and the Dow Jones US Utilities Index rose 1.1%.

Front-month West Texas Intermediate crude oil rose 0.7% to $91.10 a barrel, and the global benchmark Brent crude contract shed 0.02% to $97.02 a barrel. Henry Hub natural gas futures fell 3.1% to $2.88 per 1 million BTU.

In corporate news, Solaris Energy Infrastructure (SEI) shares jumped past 17% after it said Tuesday that it now expects Q3 adjusted Ebitda of $110 million to $130 million, up from its previous guidance of $90 million to $105 million.

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