Financial Wire

Sector Update: Energy

-- Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index down 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.3%.

The Philadelphia Oil Service Sector Index added 0.5%, and the Dow Jones US Utilities Index was falling 1.5%.

Front-month West Texas Intermediate crude oil was rising 1.1% to $97.65 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $97.65 a barrel. Henry Hub natural gas futures shed 0.7% to $2.63 per 1 million BTU.

In corporate news, TotalEnergies (TTE) shares added 0.2% after it said Monday that it has signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.

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