Sector Update: Energy

Last Updated: Monday, June 27, 2022 1:18 PM | MT Newswires

Energy stocks were sharply higher this afternoon, with the NYSE Energy Sector Index rising 2.8% while the SPDR Energy Select Sector ETF (XLE) was up 2.9%. The Philadelphia Oil-Service Sector index was posting a 3.0% advance and the Dow Jones US Utilities Index was adding 0.7%. West Texas Intermediate crude oil was rising 2.76 to $110.38 per barrel while Henry Hub natural gas futures were advancing $0.25 to $6.47 per 1 million BTU. In company news, Capstone Green Energy (CGRN) added 6.2% after Monday announcing a follow-on order for two of its Signature series microturbines with a total capacity of 1.6 megawatts from a bottling and packaging provider in Mexico.

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