Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Sector Update: Energy

Sector Update: Energy

MT newswireMT newswire2026/08/25 17:16
01:16 PM EDT, 08/25/2026 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.8%. The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index added 0.1%. Front-month West Texas Intermediate crude oil fell 3.3% to $82.17 a barrel, and the global benchmark while the Brent crude contract dropped 3.8% to $88.70 a barrel. Henry Hub natural gas futures shed 0.7% to $2.76 per 1 million BTU. In corporate news, Shell (SHEL) shares were down 0.6%. The company put its Aphrodite offshore gas project in Trinidad and Tobago on hold following commercial disagreements with the country's National Gas Co., Reuters reported.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.

OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.

华尔街见闻2026/09/19 00:51