Sector Update: Energy

MT newswire2026/10/01 19:33

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03:33 PM EDT, 10/01/2026 (MT Newswires) -- Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.8%. The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 0.4%. Front-month West Texas Intermediate crude oil rose 3% to $93.12 a barrel, and the global benchmark Brent crude contract climbed 4.5% to $102.44 a barrel. Henry Hub natural gas futures fell 2.4% to $2.95 per 1 million BTU. In corporate news, Occidental Petroleum (OXY) shares rose 4.3% after Goldman Sachs upgraded the stock to buy from neutral and lifted its price target to $69 from $63.

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The U.S. Census Bureau reported on Friday that factory orders in August increased by 0.1% month-on-month, in line with market expectations, and rose by 6.8% year-on-year. The July month-on-month increase was revised down from 0.9% to 0.8%. Orders for machinery and electrical equipment grew by 1.1% month-on-month, while orders for civilian aircraft and parts saw a significant decline of 4.3% month-on-month. Excluding aircraft, non-defense capital goods orders increased by 1.6% month-on-month.

华尔街见闻•2026/10/02 19:46