Sector Update: Energy Stocks Rise Tuesday Afternoon
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Energy stocks rose on Tuesday, with the NYSE Energy Sector Index up 0.8%. Amplify Energy shares surged nearly 19% after announcing plans to explore asset sales. Exxon Mobil is in discussions with Trinidad and Tobago for oil exploration, while its shares increased by 0.5%. Essential Utilities shares gained 1.6% following the completion of a $37.75 million acquisition of a wastewater system in Pennsylvania. Despite these gains, oil prices fell, with WTI at $66.40 and Brent at $68.55 per barrel.
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