Energy stocks gained Friday afternoon with the NYSE Energy Sector Index rising 0.8% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.
The Philadelphia Oil Service Sector index increased 0.3%, and the Dow Jones US Utilities index gained 1.3%.
West Texas Intermediate crude oil rose 0.4% to $69.62 a barrel, while global benchmark Brent advanced 0.3% to $73.06 a barrel. Henry Hub natural gas futures jumped 6.1% to $3.80 per 1 million BTU.
In corporate news, Battalion Oil (BATL) shares plunged 39% after the company terminated its agreement and plan of merger with Fury Resources.
Berkshire Hathaway (BRK.A) increased its stake in Occidental Petroleum (OXY), purchasing about $409.2 million in shares over the past three days, a regulatory filing on Friday showed. Occidental shares jumped 4.6%. Separately, Occidental's joint venture with Colombia's Ecopetrol (EC) may be in jeopardy because of turmoil at the state-controlled energy company, Reuters reported. Ecopetrol shares climbed 0.9%.
FirstEnergy (FE) shares rose 1.1%. a day after the FirstEnergy Pennsylvania unit got approval from the Pennsylvania Public Utility Commission to implement the third phase of its long-term infrastructure improvement plans.
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。