WTI Crude Hits $100.87 as Energy Stocks Rise
Front-month West Texas Intermediate crude oil rose 3% to $100.87 a barrel Friday afternoon, while the global benchmark Brent crude contract climbed 3.1% to $109.19 a barrel. The NYSE Energy Sector Index rose 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) added 2.1% during the session. The Philadelphia Oil Service Sector Index climbed 1.2%, and the Dow Jones US Utilities Index was up 1.3%. Henry Hub natural gas futures fell 3.1% to $3.14 per 1 million BTU.
Front-month West Texas Intermediate crude oil rose 3% to $100.87 a barrel Friday afternoon, while the global benchmark Brent crude contract climbed 3.1% to $109.19 a barrel. The NYSE Energy Sector Index rose 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) added 2.1% during the session. The Philadelphia Oil Service Sector Index climbed 1.2%, and the Dow Jones US Utilities Index was up 1.3%. Henry Hub natural gas futures fell 3.1% to $3.14 per 1 million BTU.
ExxonMobil (XOM) reported a $4.4 billion gain to Q3 total earnings in a Friday filing with the US Securities and Exchange Commission, citing changes in margins relative to the previous quarter. Its shares rose 1.9%. NiSource (NI) shares added 3.4% after the company announced a 20-year agreement with Microsoft (MSFT) to supply power to a planned data center campus in northwest Indiana, with service expected to begin in 2028. Shell (SHEL) shares rose 2.5% after Reuters reported that the company signed an agreement to sell its mobility business in France to DCC Energy.