Sector Update: Energy
Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%. The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.4% lower. Front-month US West Texas Intermediate crude oil was 0.6% lower at $68.29 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.4% to $71.82 per barrel, and natural gas futures were up 0.1% at $3.20 per 1 million British Thermal Units. Solaris Energy Infrastructure (SEI) stock was 5% higher after the company said it has acquired Global Energy Services Alliance, expanding its power generation capabilities in installation, commissioning, operations, maintenance and repair.
Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.
The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.4% lower.
Front-month US West Texas Intermediate crude oil was 0.6% lower at $68.29 per barrel at the New York Mercantile Exchange.
Global benchmark North Sea Brent crude oil fell 0.4% to $71.82 per barrel, and natural gas futures were up 0.1% at $3.20 per 1 million British Thermal Units.
Solaris Energy Infrastructure (SEI) stock was 5% higher after the company said it has acquired Global Energy Services Alliance, expanding its power generation capabilities in installation, commissioning, operations, maintenance and repair.