moomoo ID:0
Log Out
  • English
  • 中文繁体
  • 中文简体

Sector Update: Energy Stocks Climb Premarket Tuesday

MT Newswires ·  10/04 21:22

09:20 AM EDT, 10/04/2022 (MT Newswires) -- Energy stocks were climbing premarket Tuesday as the Energy Select Sector SPDR (XLE) was recently gaining over 2% in value. The United States Oil Fund (USO) was up more than 2% and the United States Natural Gas Fund (UNG) was over 1% lower.

West Texas Intermediate crude oil was up by 1.84% at $85.47 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained 2.10% to $90.96 per barrel and natural gas futures were 0.43% lower at $6.44 per 1 million BTU.

HF Sinclair (DINO) was up past 2% after saying it agreed to repurchase 914,411 of its shares from REH Company, a selling stockholder, for $54.68 per share, or about $50 million.

TotalEnergies (TTE) and Holcim said they have signed a memorandum of understanding to decarbonize the building materials company's cement production plant in Belgium. TotalEnergies was up more than 2% recently.

Valaris (VAL) was over 2% higher after saying it has been awarded new contracts and extensions with an associated contract backlog of $95 milion, which excludes lump sum payments, such as mobilization fees and capital reimbursements.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.