Energy Sector Update for 01/23/2023: NE, BKR, GEL, XLE, USO, UNG

Energy stocks were climbing premarket Monday as the Energy Select Sector SPDR Fund (XLE) was recently advancing by 0.3%. The United States Oil Fund (USO) was 0.3% higher and the United States Natural Gas Fund (UNG) was up 4.0%.

Front-month US West Texas Intermediate crude oil was up 0.81% at $82.30 per barrel at the New York Mercantile Exchange. The global benchmark North Sea Brent crude gained 0.9% to $88.38 per barrel. Natural gas futures were 9.2% higher at $3.466 per 1 million British Thermal Units.