Energy Sector Update for 07/22/2021: WLL, KMI

Energy stocks were mixed in premarket Thursday as the Energy Select Sector SPDR (XLE) ETF was down 0.24%. The United States Oil Fund (USO) was 0.75% higher and the United States Natural Gas Fund (UNG) was up 0.51%.

West Texas Intermediate crude oil was up $0.53 at $70.83 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained $0.46 to $72.69 per barrel, and natural gas futures were 3 cents lower at $3.93 per 1 million BTU.

Whiting Petroleum (WLL) was higher by 2.4%. The company said late Wednesday it entered into separate deals to acquire oil and gas assets in the Williston Basin of North Dakota and sell of all its oil and gas assets in the Denver-Julesburg Basin of Colorado.

In other company news, Kinder Morgan (KMI) was down more than 1% after reporting higher adjusted EPS and revenue in Q2.

TechnipFMC (FTI) was nearly 2% lower after posting a narrower Q2 loss as revenue rose from the past year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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