Sector Update: Energy

Last Updated: Friday, July 1, 2022 1:42 PM | MT Newswires

Energy stocks were mixed this afternoon, with the NYSE Energy Sector Index down 0.2% while the SPDR Energy Select Sector ETF (XLE) was rising 0.4%. The Philadelphia Oil-Service Sector index was retreating 1.6% but the Dow Jones US Utilities Index was adding 1.6%. West Texas Intermediate crude oil was rising $2.52 to $108.28 per barrel while Henry Hub natural gas futures were $0.28 higher at $5.70 per 1 million BTU. In company news, Oasis Petroleum (OAS) was drifting nearly 1% higher after completing its business combination with Whiting Petroleum, creating Chord Energy, which will begin trading under its new CHRD ticker symbol on Tuesday.

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