Sector Update: Energy

Last Updated: Monday, October 18, 2021 3:38 PM | MT Newswires

Energy stocks were finishing with small declines this afternoon, with the NYSE Energy Sector Index falling 0.1% while the SPDR Energy Select Sector ETF (XLE) was down 0.2%. The Philadelphia Oil-Service Sector index still was posting a 0.7% gain but the Dow Jones US Utilities Index was sinking 0.9%. Front-month West Texas Intermediate crude oil settled $0.16 higher at $82.44 per barrel while Henry Hub natural gas futures plunged $0.42 to $4.99 per 1 million BTU. In company news, Amplify Energy (AMPY) added 8.6% on Monday after saying a US Coast Guard estimate late last week found the size of the oil spill off the coast of California was significantly smaller than first expected at 588 barrels compared with initial projections that believe as much as 3,134 barrels were released from the Beta Field pipeline.

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