Sector Update: Energy Stocks Edge Higher Premarket Friday
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Energy stocks edged higher in premarket trading Friday. The State Street Energy Select Sector SPDR ETF (XLE) rose 0.2%, US Oil Fund (USO) increased 0.9%, while US Natural Gas Fund (UNG) fell 0.2%. WTI crude oil was up 0.7% at $56.52 per barrel, Brent crude gained 0.6% to $60.17, and natural gas futures rose 0.1% to $3.91. Petroleo Brasileiro (PBR) shares rose 0.4% after signing new contracts with Braskem (BAK). Eni (E) stock increased over 1% pre-bell. TechnipFMC (FTI) shares were up 0.8% after securing a subsea contract from Eni.
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