Sector Update: Energy

Energy stocks were gaining ahead of Friday's market open as the Energy Select Sector SPDR XLE was up by 1.2%. The United States Oil Fund USO was 2.4% higher and the United States Natural Gas Fund UNG was up 1.9%.

West Texas Intermediate crude oil was up $1.78 at $68.28 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained $1.94 to $71.61 per barrel and natural gas futures were 16 cents higher at $4.21 per 1 million BTU.

In company news, TotalEnergies TTE shares were unchanged after announcing the commencement of production at CLOV Phase 2, a project connected to the existing CLOV Floating Production, Storage and Offloading unit in Angola.