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Sector Update: Energy

· 02/05/2021 10:43

03:36 PM EST, 02/05/2021 (MT Newswires) -- Energy stocks eased slightly this afternoon, with the NYSE Energy Sector Index climbing 0.7% while the SPDR Energy Select Sector ETF was up 0.8% in late trade. Front-month West Texas Intermediate crude oil settled 62 cents higher at $56.85 per barrel while the global benchmark Brent crude contract added 63 cents to $59.47 per barrel. Henry Hub natural gas futures fell 7 cents to $2.86 per 1 million BTU. In company news, CorEnergy Infrastructure Trust (CORR) tumbled over 12% after late Thursday announcing its $350 million acquisition of pipeline operator Crimson Midstream Holdings.