Sector Update: Energy Stocks Rise Monday Afternoon

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Sector Update: Energy Stocks Rise Monday Afternoon

, MT Newswires - 1:58 PM ET 3/31/2025 default

01:58 PM EDT, 03/31/2025 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.7% and the Energy Select Sector SPDR Fund (XLE) up 0.9%.

The Philadelphia Oil Service Sector index was little changed, and the Dow Jones US Utilities index was up 0.3%.

Front-month West Texas Intermediate crude oil popped 3.1% to $71.52 a barrel, and the global benchmark Brent crude contract was advancing 1.5% to $74.75 a barrel. Henry Hub natural gas futures were 0.7% higher at $4.09 per 1 million BTU.

In corporate news, Enlight Renewable Energy ( ENLT ) shares rose 0.8% after the firm secured $773 million in debt funding for its Country Acres project near Sacramento, California.

Equinor ( EQNR ) shares advanced 1.1% after the company said the Johan Castberg oil field, which it operates with a 46.3% ownership stake, has started production.

Shell (SHEL) subsidiary Shell Eastern Trading said it completed the acquisition of Pavilion Energy's liquefied natural gas assets from Carne Investments. Shell was up 0.2%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.