Sector Update: Energy

MT Newswires Live10-31 03:34

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.

The Philadelphia Oil Service Sector Index was fractionally lower, and the Dow Jones US Utilities Index was rising 0.8%.

Front-month West Texas Intermediate crude oil rose 1.9% to $103.94 a barrel, and the global benchmark Brent crude contract advanced 2.4% to $117.64 a barrel. Henry Hub natural gas futures fell 1.9% to $2.90 per 1 million BTU.

In corporate news, Dominion Energy (D) shares rose 2.7% after it reported Q3 adjusted earnings and revenue Friday that rose year on year and beat analyst estimates.

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