Energy Sector Gains: Crude Oil Rises, Natural Gas Surges
Energy stocks advanced Wednesday afternoon as crude oil and natural gas prices climbed. West Texas Intermediate crude rose 0.3% to $82.61 a barrel, while natural gas futures jumped 4.9%. Several energy companies reported deals and leadership changes.
Energy stocks advanced Wednesday afternoon, with the Energy Sector Index up 0.5% and the State Street Energy Select Sector (XLE) adding 1%. Par Pacific shares popped 3.2% on news of a deal for its oil and gas assets, and Enbridge rose 1.2% after announcing an acquisition.