Energy Sector Update for 09/19/2023: ENPH, ORA, EQNR
Nasdaq 2023-09-19 17:25:33 • 1 min
Energy stocks were lower Tuesday afternoon with the NYSE Energy Sector Index decreasing 0.5% and the Energy Select Sector SPDR Fund (XLE) down 1.3%.
The Philadelphia Oil Service Sector index was posting a 2.1% drop and the Dow Jones US Utilities index was falling 0.3%.
West Texas Intermediate crude oil was rising 0.7% to $92.09 a barrel while the global benchmark Brent crude contract was advancing 0.5% to $94.90 a barrel. Henry Hub natural gas futures jumped 4.3% to $2.85 per 1 million BTU.
In corporate news, Enphase Energy (ENPH) shares gained 4.7%. Late Monday, a regulatory filing showed a company director bought 32,600 shares for $4 million.
