- The Dow Jones US Utilities index was up 0.5%, while the Philadelphia Oil Service Sector index was showing a gain of 0.8%.
- After rising by 4.1 million barrels the week before, US crude oil stocks—including those in the Strategic Petroleum Reserve—dropped by 2.2 million barrels in the week that ended on June 14. Commercial crude oil stockpiles decreased by 2.5 million barrels after rising by 3.7 million barrels the week before, excluding inventories in the SPR. This decline was less than the 2.8 million barrels predicted in a Bloomberg poll conducted as of 7:45 am ET.
- first month While the global benchmark Brent crude contract was up 0.8% to $85.71 a barrel, West Texas Intermediate crude oil was up 0.9% to $82.31 a barrel. Natural gas futures for Henry Hub fell 5.3% to $2.76 per million BTU.
- In business news, Clean Energy Fuels (CLNE) had a 4.2% increase in shares on the announcement of new agreements with several towns.
- Shares of LanzaTech (LNZA) surged 5.5% after the company’s announcement on Thursday that it had raised its ownership in LanzaJet, a manufacturer of fuels and supplier of sustainable aviation fuel technology, from 23% to 36%.
- As it announced on Thursday that it and Nigerian National Petroleum had made the final investment decision for the development of Nigeria’s Ubeta gas field, which would feed gas to the Nigeria LNG facility on Bonny Island, TotalEnergies TTE’s shares were down 0.2%.
Source:
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