Sector Update: Energy
MT newswire2026/10/09 17:2901:29 PM EDT, 10/09/2026 (MT Newswires) -- Energy stocks rose Friday afternoon with the NYSE Energy Sector Index climbing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) edging up 0.1%. The Philadelphia Oil Service Sector Index eased 0.1%, and the Dow Jones US Utilities Index added 0.5%. West Texas Intermediate crude oil dropped 0.3% to $91.20 a barrel, and global benchmark Brent shed 0.4% to $103.88 a barrel. Henry Hub natural gas futures rose 1.8% to $3.23 per 1 million BTU. In corporate news, Equinor (EQNR) agreed to sell a 30% stake in the Bay du Nord offshore oil project in Canada to Shell (SHEL). Equinor will retain a 70% stake and continue as the project's operator. Equinor shares rose 0.9%, and Shell gained 0.2%.
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