Sector Update: Energy

Tuesday, May 4, 2021 1:04 PM | MT Newswires

Energy stocks were edging higher this afternoon, with the NYSE Energy Sector Index climbing 0.1% while the SPDR Energy Select Sector ETF also was up 0.1%.

Front-month West Texas Intermediate crude oil was rising $1.09 to $65.58 per barrel while Henry Hub natural gas futures were $0.02 lower at $2.95 per 1 million BTU.

In company news, Renewable Energy Group (REGI) climbed 9.3% after the biofuels company reported Q1 net income of $0.88 per share, down from $1.67 per share during the same quarter last year but blowing past the Capital IQ consensus call expecting a $0.16 per share profit.

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