Sector Update: Energy Stocks Advance Pre-Bell Friday
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Energy stocks showed positive movement pre-bell on Friday, with the State Street Energy Select Sector SPDR ETF rising 0.5%. The United States Oil Fund increased by 1.1%, while the United States Natural Gas Fund fell by 2.3%. Crude oil prices saw a slight decline, with West Texas Intermediate at $95 per barrel. OMS Energy Technologies' stock rose over 4% following an $11 million order from Saudi Aramco, while KNOT Offshore Partners and Battalion Oil saw declines of over 3% and 4%, respectively, due to terminated buyout discussions and asset acquisition news.
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