Sector Update: Energy

Last Updated: Wednesday, January 12, 2022 3:32 PM | MT Newswires

Energy stocks were finishing on positive ground this afternoon, with the NYSE Energy Sector Index climbing 0.7% but the SPDR Energy Select Sector ETF (XLE) was little changed. The Philadelphia Oil-Service Sector index was falling 0.4% but the Dow Jones US Utilities Index was ahead 0.3%. West Texas Intermediate crude oil settled $1.42 higher at $82.64 per barrel, while Henry Hub natural gas soared $0.61 higher to $4.86 per 1 million BTU. In company news, Sempra (SRE) climbed 0.3% after the electric and natural gas utility late Tuesday said its Sempra Infrastructure subsidiary closed on an inaugural $400 million private placement of 3.25% senior notes due 2032.

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