Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the Energy Select Sector SPDR Fund (XLE) falling 1.3%.
The Philadelphia Oil Service Sector index dropped 1.4%, and the Dow Jones US Utilities index shed 0.4%.
Front-month West Texas Intermediate crude oil was declining 1.7% to $69.52 a barrel while the global benchmark Brent crude contract was dropping 1.2% to $73.03 a barrel. Henry Hub natural gas futures rose 0.31% to $3.22 per 1 million BTU.
In corporate news, PG&E (PCG) is being awarded a $15 billion low-interest loan commitment from the US Department of Energy to finance hundreds of projects to fight the impact of climate change and improve the electrical grid, The Wall Street Journal reported. PG&E shares added 0.7%.
Kosmos Energy (KOS) shares jumped 13% after the company said it does not currently plan to make an offer for Tullow Oil after preliminary discussions about a potential acquisition.
Gran Tierra Energy (GTE) shares fell 1.8% after it said Tuesday that it completed the sale of a 50% stake and operatorship of a portion of its Simonette Montney assets in Alberta, Canada, to Logan Energy for 52 million Canadian dollars ($36.3 million) in cash.
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。