Sector Update: Energy

MT newswire2026/08/26 19:24

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

03:24 PM EDT, 08/26/2026 (MT Newswires) -- Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index up 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%. The Philadelphia Oil Service Sector Index was down 0.7%, and the Dow Jones US Utilities Index advanced 0.3%. Front-month West Texas Intermediate crude oil shed 0.5% to $81.96 a barrel, and the global benchmark Brent crude contract fell 1.3% to $87.45 a barrel. Henry Hub natural gas futures gained 3.4% to $2.86 per 1 million BTU. In corporate news, Public Service Enterprise Group (PEG) shares added 0.9% after its PSE&G unit said Wednesday that it has launched its GridSmart Battery Program, which is intended to help offset the costs of customers installing a home battery system.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Microsoft has announced it will start disclosing specific quarterly revenues for its Azure cloud computing business, with the latest fiscal quarter reaching $29.4 billion, demonstrating continued expansion. The market regards Azure as an important indicator for Microsoft's AI business, and analysts have previously had difficulty accurately valuing it due to insufficient information. At the same time, the company has adjusted its financial reporting structure by merging cloud computing and Office businesses, with the new division directly named "Agents and Infra," highlighting its AI strategic intent.

华尔街见闻•2026/09/02 23:26

St-Georges unit EVSX faces investor bid for court-appointed receiver in Ontario

Reuters•2026/09/02 23:24

Federal Reserve Beige Book: Economy Expanding Moderately, Data Center Demand Becomes Main Driver

The latest Beige Book survey released by the Federal Reserve shows that U.S. economic activity experienced moderate growth over the past two months, with particularly strong demand from data centers emerging as a major driving force for the economy.

智通财经•2026/09/02 23:21