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Sector Update: Energy

Sector Update: Energy

MT newswireMT newswire2026/09/23 17:31
01:31 PM EDT, 09/23/2026 (MT Newswires) -- Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1%. The Philadelphia Oil Service Sector Index was easing 0.1%, and the Dow Jones US Utilities Index was falling 1.5%. Front-month West Texas Intermediate crude oil was rising 0.7% to $91.19 a barrel, and the global benchmark Brent crude contract gained 2.9% to $102.10 a barrel. Henry Hub natural gas futures rose 1.6% to $3.01 per 1 million BTU. In corporate news, Devon Energy (DVN) was urged earlier this month by activist hedge fund Toms Capital Management to review strategic alternatives, including a sale, CNBC reported. Devon Energy shares rose 3.1%.
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