Sector Update: Energy Stocks Gain Late Afternoon

MT Newswires Live
2024-10-04

Energy stocks rose late Thursday afternoon, with the NYSE Energy Sector Index advancing 1.4% and the Energy Select Sector SPDR Fund (XLE) adding 1.6%.

The Philadelphia Oil Service Sector index climbed 2.3%, while the Dow Jones US Utilities index shed 0.2%.

After Israeli air strikes on central Beirut, Lebanon, front-month West Texas Intermediate crude oil surged 5.5% to $73.94 a barrel, while the global benchmark Brent contract jumped 5.4% to $77.86 a barrel.

US natural gas stocks rose 55 billion cubic feet in the week ended Friday, a smaller gain than the 57 billion increase expected in a survey compiled by Bloomberg and following the gain of 47 billion in the previous week.

Henry Hub natural gas futures climbed 2.7% to $2.97 per 1 million BTU.

In corporate news, Aemetis (AMTX) shares jumped 13% after it said Thursday its Aemetis Biogas unit is set to start operations of its new multi-dairy anaerobic digester in Merced County, California, by the end of this year.

Vistra (VST) shares popped 5.9% as RBC Capital raised its price target on the company to $141 from $105 while keeping its outperform rating on the stock.

Exxon Mobil (XOM) can move forward with job cuts at its Port Jerome refinery in northern France after securing a majority agreement with unions, Reuters reported. Exxon shares added 0.6%.

EON Resources (EONR) shares gained 5.6%. The company completed infrastructure improvements and upgrades to increase daily oil production.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10