Sector Update: Energy

MT newswire2026/09/28 17:43

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01:43 PM EDT, 09/28/2026 (MT Newswires) -- Energy stocks advanced Monday afternoon with the NYSE Energy Sector Index rising 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 0.2%. The Philadelphia Oil Service Sector Index fell 0.6%, and the Dow Jones US Utilities Index dropped 0.5%. West Texas Intermediate crude oil was little changed at $92.39 a barrel, and global benchmark Brent rose 0.7% to $105.05 a barrel. Henry Hub natural gas futures declined 4.5% to $3.05 per 1 million BTU. In corporate news, BP (BP) is weighing its options for its Brazilian biofuels business, including potentially selling the unit, Bloomberg reported. BP shares gained 1.1%.

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U.S. Treasury Secretary Janet Yellen defended the rise in U.S. Treasury yields, stating that this increase is a global phenomenon rather than unique to the United States, and does not warrant excessive concern. She partially attributed inflationary pressures to higher oil prices caused by the Iran conflict, and expects the energy shock to subside as hostilities ease. Yellen refuted the notion of an AI bubble, arguing that investments by major tech companies are grounded in solid business logic.

华尔街见闻•2026/10/04 03:06