Tiger Brokers

Sector Update: Energy

MT Newswires Live
Yesterday

Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.6%.

The United States Oil Fund (USO) was down 0.8% and the United States Natural Gas Fund (UNG) was 0.6% higher.

Front-month US West Texas Intermediate crude oil was 1.2% lower at $92.61 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.6% to $104.96 per barrel, and natural gas futures were up 0.2% at $3.17 per 1 million British Thermal Units.

BP (BP) stock was up more than 2% after the company said it expects Q3 net debt to be $13.5 billion to $14.5 billion, down from $22.3 billion at the end of Q2.

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