Sector Update: Energy Stocks Mixed Pre-Bell Friday
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Energy stocks showed mixed performance in premarket trading on Friday. The State Street Energy Select Sector SPDR ETF (XLE) saw a slight increase, while the United States Oil Fund (USO) fell by 1% and the United States Natural Gas Fund (UNG) dropped by 2.7%. Crude oil prices decreased, with West Texas Intermediate at $56.93 per barrel and Brent crude at $60.33. Notably, Sable Offshore (SOC) shares surged over 19% after a court ruling favored the company, and Prairie Operating (PROP) shares rose 3% following a significant share purchase by a major shareholder.
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