Sector Update: Energy
MT newswire2026/10/27 17:46Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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01:46 PM EDT, 10/27/2026 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.1%. The Philadelphia Oil Service Sector Index was up 0.7%, and the Dow Jones US Utilities Index was increasing 0.2%. Front-month West Texas Intermediate crude oil fell 1.7% to $100.05 a barrel, and the global benchmark Brent crude contract shed 1.6% to $113.98 a barrel. Henry Hub natural gas futures rose 3.3% to $2.69 per 1 million BTU. In corporate news, CMS Energy (CMS) shares fell 1% after its Q3 operating revenue missed analyst estimates. The company reported Q3 adjusted earnings Tuesday of $1.44 per diluted share, up from $0.93 a year earlier. Analysts polled by FactSet expected $1.35. Operating revenue for the quarter was $2.18 billion, compared with $2.02 billion a year earlier. Analysts expected $2.23 billion.
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