Sector Update: Energy
MT newswire2026/08/26 19:24Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:24 PM EDT, 08/26/2026 (MT Newswires) -- Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index up 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%. The Philadelphia Oil Service Sector Index was down 0.7%, and the Dow Jones US Utilities Index advanced 0.3%. Front-month West Texas Intermediate crude oil shed 0.5% to $81.96 a barrel, and the global benchmark Brent crude contract fell 1.3% to $87.45 a barrel. Henry Hub natural gas futures gained 3.4% to $2.86 per 1 million BTU. In corporate news, Public Service Enterprise Group (PEG) shares added 0.9% after its PSE&G unit said Wednesday that it has launched its GridSmart Battery Program, which is intended to help offset the costs of customers installing a home battery system.
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