Sector Update: Energy

Last Updated: Monday, October 3, 2022 3:40 PM | MT Newswires

Energy stocks extended their Monday gains this afternoon, with the NYSE Energy Sector Index rising 6.1% while the SPDR Energy Select Sector ETF (XLE) was up 6.0%. West Texas Intermediate crude oil settled $4.14 higher at $83.63 per barrel while Henry Hub natural gas futures fell $0.30 to $6.47 per 1 million BTU. In company news, Vistra (VST) gained 2.8% after the electric utility Monday said it has applied to extend the license to operate the units of Luminant's Comanche Peak nuclear plant near Fort Worth by an extra 20 years each through 2050 and 2053, respectively.

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