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Sector Update: Energy

MT Newswires ·  {{timeTz}}

09:10 AM EDT, 10/05/2022 (MT Newswires) -- Energy stocks were declining pre-bell Wednesday as the Energy Select Sector SPDR (XLE) was marginally higher, while the United States Oil Fund (USO) was up 1.2% and the United States Natural Gas Fund (UNG) was nearly 2% higher.

West Texas Intermediate crude oil was up by 0.1% at $86.56 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained 0.16% to $91.95 per barrel and natural gas futures were 0.29% lower at $6.82 per 1 million BTU.

Eni (E) said gas flows supplied by Gazprom through Austria have resumed after earlier regulatory changes in the country disrupted supplies. Eni was slightly declining recently.

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