Avangrid Inc AGR:NYSE

Last Price$46.13NYSE Previous Close - Last Trade as of 7:00PM ET 1/21/22
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$39.37 (3)
Ask (Size)$53.91 (1)
Day Low / HighN/A - N/A
Volume616.9 K

Sector Update: Energy Stocks Rise with Oil Prices

2:28PM ET 9/21/2021 MT Newswires
Energy stocks were higher this afternoon, with the NYSE Energy Sector Index climbing 1.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.5%.

Front-month West Texas Intermediate crude oil was rising $0.21 to $ 70.50 per barrel while the benchmark Brent crude contract also was advancing $0.33 to $74.25 per barrel. Henry Hub natural gas futures were $0.19 lower at $4.80 per 1 million BTU.

Among energy-related ETFs, the United States Oil Fund (USO) was dropping 0.2% while the United States Natural Gas Fund (UNG) was sliding 3.0%. The Philadelphia Oil-Service Sector index was posting a 0.8% decline while the Dow Jones US Utilities Index was ahead 0.2%.

In company news, ConocoPhillips (COP) struck a deal to acquire the Permian Basin business of Shell Enterprises, a subsidiary of Royal Dutch Shell (RDS.A), for $9.5 billion in cash. ConocoPhillips shares were up 3.4%, and Shell gained 3.8%.

Avangrid (AGR) subsidiary Avangrid Renewables and Copenhagen Infrastructure Partners are restructuring their Vineyard Wind joint venture to help the companies grow their respective US offshore wind businesses, according to a joint statement Tuesday. The stock was 0.2% lower in afternoon trading.