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Sector Update: Energy

Sector Update: Energy

MT newswireMT newswire2026/08/28 19:41
03:41 PM EDT, 08/28/2026 (MT Newswires) -- Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index easing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.3%. The Philadelphia Oil Service Sector Index added 0.8%, and the Dow Jones US Utilities Index was falling 1.2%. Front-month West Texas Intermediate crude oil shed 0.3% to $83.26 a barrel, and the global benchmark Brent crude contract shed 0.4% to $89.31 a barrel. Henry Hub natural gas futures fell 1.4% to $2.87 per 1 million BTU. In corporate news, AES (AES) shares were down 0.2%. The company said late Thursday it has secured approval from the Committee on Foreign Investment in the US for its pending merger with Horizon Parent and Horizon Merger Sub.
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