Sector Update: Energy

Last Updated: Monday, December 5, 2022 3:43 PM | MT Newswires

Energy stocks continued to lose ground Monday afternoon, with the NYSE Energy Sector Index falling 2.7% while the SPDR Energy Select Sector ETF (XLE) was down 3.2%.

West Texas Intermediate crude oil settled $3.05 lower at $76.93 per barrel while Henry Hub natural gas futures fell $0.70 to $5.58 per 1 million BTU.

In company news, Capstone Green Energy (CGRN) dropped 6.2%. The energy-as-a-service company announced a new two-year rental agreement for an 800-kilowatt microturbine system for an unnamed cryptocurrency data mining company in western Texas. The customer is also evaluating a 1-megawatt system for possible deployment early next year, Capstone said.

Share this article:

Related Companies

You May Also Like

Related Articles

Will Allied Copper Corp (CPRRF) Stay at the Bottom of the Basic Materials Sector?

Is Ameriwest Lithium Inc (AWLIF) Stock Worth a Buy Thursday?

Is Benton Resources Inc (BNTRF) Stock a Smart Investment Thursday?

Is International Flavors & Fragrances Inc (IFF) Stock a Bad Value Thursday?

How Will the Market React to American Water Works Company Inc (AWK) Stock Getting a Bullish Rating

Is NorthWestern Corp (NWE) Stock Trading Below Fair Value?

Related Companies