Sector Update: Energy

Thursday, September 24, 2020 1:32 PM | MT Newswires

Energy stocks were higher this afternoon, with the NYSE Energy Sector Index climbing 0.7% while the SPDR Energy Select Sector ETF was up 1.1%. Front-month West Texas Intermediate crude oil was rising 2 cents to $39.95 per barrel at the New York Mercantile Exchange while the global benchmark Brent crude contract was unchanged at $41.77 per barrel. Henry Hub natural gas futures were 11 cents higher at $2.24 per 1 million BTU. In company news, Vermilion Energy (VET) rose 3.9% after late Wednesday saying its costs to move oil from the Paris Basin will likely rise by $20 million per year following a decision this week by Total (TOT) to end crude oil refining at its facility in Grandpuits, France, early next year

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