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Sector Update: Energy

Sector Update: Energy

MT newswireMT newswire2026/09/22 19:30
03:30 PM EDT, 09/22/2026 (MT Newswires) -- Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index down 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.8%. The Philadelphia Oil Service Sector Index increased 0.1%, and the Dow Jones US Utilities Index was fractionally lower. Front-month West Texas Intermediate crude oil fell 1.2% to $94.59 a barrel, and the global benchmark Brent crude contract shed 1.2% to $99.13 a barrel. Henry Hub natural gas futures gained 5.7% to $3.00 per 1 million BTU. In corporate news, Marathon Petroleum (MPC) shares were down 2.7% after Jefferies downgraded the company to hold from buy.
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