Sector Update: Energy

Last Updated: Tuesday, September 27, 2022 3:37 PM | MT Newswires

Energy stocks continued to trend higher this afternoon, with the NYSE Energy Sector Index rising 1.6% and the SPDR Energy Select Sector ETF (XLE) up 1.4%. West Texas Intermediate crude oil was $1.79 higher at $78.50 per barrel, while Henry Hub natural gas futures fell $0.25 to $6.65 per 1 million BTU. In company news, Altus Power (AMPS) gained 16% after the electric utility Tuesday announced its purchase of 97 megawatts of operating solar-power assets in the US for $220 million.

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