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Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% higher.The United States Oil Fund (USO) was up 1.4% and The United States Natural Gas Fund (UNG) was 4.1% higher.Front-month US West Texas Intermediate crude oil was 1.9% higher at $96.16 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $107.41 per barrel, and natural gas futures were up 1% at $2.67 per 1 million British Thermal Units.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg News reported, citing data it compiled. TotalEnergies shares were 0.8% higher pre-bell.ARC Resources said it has entered into a definitive agreement to be acquired by Shell (SHEL) in a cash-and-share deal valued at about 22 billion Canadian dollars ($16.17 billion). Shell stock was up 0.4% premarket.

$SHEL$TTE$UNG$USO$XLE

Strategic Resources, Tyfast Energy to Advance Vanadium-to-Battery Supply Chain in Canada

Canadian critical minerals company Strategic Resources (SR.V), trading near 52 week lows, signed a memorandum of understanding to evaluate production of battery-grade vanadium oxide from Canadian mined ore for use in lithium vanadium oxide anode material produced by San Diego-based Tyfast Energy, the company said Monday.Under the terms, Strategic Resources will evaluate feedstock and processing pathways from its vanadium assets, while Tyfast will lead material qualification, anode development, and application testing.As part of the agreement, the companies will conduct bench- and pilot-scale work to optimize powder characteristics for Tyfast's anode production.The companies will also evaluate commercialization and deployment opportunities, in mining equipment, auxiliary vehicles, defense platforms, and other heavy-duty applications."Together, we see an opportunity to create a made-in-Canada pathway from critical minerals to advanced battery materials for high-value industrial markets," Strategic Resources chief Executive Officer Sean Cleary said.Strategic Resources, which is advancing the BlackRock project in Quebec, last traded at $0.25, near a 52 week low of $0.23.

$SR.V

Sectors21h ago

Oil Prices Rise as Expected Talks Between Iran and the U.S. Fail to Take Place

Oil prices rose early Monday as talks expected to be held over the weekend between the United States and Iran in Pakistan didn't happen. But prices eased off overnight highs as Iran offered to reopen the Strait of Hormuz in return for it being allowed to continue its nuclear program and the U.S. ending the blockade of its ports.West Texas Intermediate crude oil for June delivery was last seen up $1.36 to US$95.76 per barrel, after earlier touching US$97.10, while June Brent oil was up US$1.44 to US$106.77.Iran closed the Strait of Hormuz after the United States and Israel launched attacks on the country on Feb. 28. The Strait is the chokepoint for 20% of daily global oil demand supplied by Persian Gulf nations and its closure has produced the largest-ever supply shock, pushing up oil prices by 41% since the start of the war.Talks expected to be staged in Islamabad over the weekend were cancelled as negotiators failed to turn up, though a ceasefire held as the war enters its third month."With face to face negotiations failing to materialize in Islamabad despite the market hour headlines pointing to progress in the talks, it seems that neither side feels sufficient pressure to make serious concessions. For eight weeks, the White House has been exceedingly successful in deploying the "over soon" message to keep a lid on front month prices," Helima Croft, Head of Global Commodity Strategy and MENA Research at RBC Capital Markets, wrote.The Guardian on Monday reported Iran is offering to end its chokehold on the Strait in return for an end to the U.S. blockade, and without addressing concerns around its nuclear program, which U.S. President Trump has made a key demand for ending the war. The paper said the proposal was passed to the United States by Pakistan.

$CLM6$LCOM6$USO

Commodities22h ago

Exchange-Traded Funds Down, Equity Futures Mixed Pre-Bell Monday Amid Hormuz Uncertainty, Corporate Earnings

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% lower in Monday's premarket activity amid uncertainty surrounding the Strait of Hormuz reopening and corporate earnings for the prior quarter.US stock futures were mixed, with the S&P 500 Index futures down by 0.01%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.The Dallas Federal Reserve manufacturing survey for April will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated 0.02%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) declined by 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) slipped 1.1%. The iShares Biotechnology ETF (IBB) was flat.Organon (OGN) stock was up more than 16% premarket after the company agreed to be acquired by Sun Pharmaceutical Industries for $14 per share in an all-cash deal with an enterprise valuation of $11.75 billion.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) declined by 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% lower.Domino's Pizza (DPZ) shares were down more than 4% pre-bell after the company reported lower-than-expected fiscal Q1 earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.2%, the iShares US Technology ETF (IYW) was 0.4% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 0.6%, while the iShares Semiconductor ETF (SOXX) rose by 0.5%.Tower Semiconductor (TSEM) shares were up more than 4% in Monday's premarket activity after the company and Axiro Semiconductor said that Axiro's Ku- and X-band radar beamforming integrated circuits are now ready for deployment in critical defense systems.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.02%, while the Vanguard Industrials Index Fund (VIS) gained 0.4% and the iShares US Industrials ETF (IYJ) was flat.Joby Aviation (JOBY) stock was up more than 3% before the opening bell after the company said it completed the first point-to-point electric vertical takeoff and landing passenger flights in New York.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% higher.HBT Financial (HBT) shares were up more than 1% pre-bell after the company reported higher Q1 adjusted earnings and operating revenue.EnergyThe iShares US Energy ETF (IYE) gained 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.TotalEnergies (TTE) stock was up more than 1% before the opening bell after news reports that the company is running its Gonfreville, France, site at its full capacity to maintain the supply of oil to the domestic market.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 0.7% to $95.07 per barrel on the New York Mercantile Exchange. Natural gas gained by 1% to reach $2.67 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.9%, while the United States Natural Gas Fund (UNG) was 3.7% higher.Gold futures for May were down by 0.4% at $4,720.60 an ounce on the Comex. Silver futures retreated by 0.8% to $76.36 an ounce. SPDR Gold Shares (GLD) was 0.3% lower, and the iShares Silver Trust (SLV) fell by 0.4%.

$^DJI$^IXIC$^SPX$BETH$BITO$DPZ$EEM$EETH$EXI$FAS$FAZ$GLD$HBT$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JOBY$OGN$PMR$QQQ$RTH$SLV$SOXX$SPY$TSEM$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Financial News · Live Terminal

Sector Update: Energy Stocks Advance Premarket Monday

Strategic Resources, Tyfast Energy to Advance Vanadium-to-Battery Supply Chain in Canada

Sector Update: Energy Stocks Advance Premarket Monday

Strategic Resources, Tyfast Energy to Advance Vanadium-to-Battery Supply Chain in Canada

Canada PM Mark Carney Says the U.S. Has Changed, "That's Their Right"; And "We Are Responding. That Is Our Imperative"

Canada PM Mark Carney Announcing New Public Investment Fund To Finance Major Projects

Oil Prices Rise as Expected Talks Between Iran and the U.S. Fail to Take Place

Sector Update: Financial Stocks Lean Lower Pre-Bell Monday

Shell to Buy Canada's ARC Resources in $16.4 Billion Deal

Dongjiang Environmental's Loss Widens 2.7% in Q1

Sector Update: Health Care Stocks Edge Higher Pre-Bell Monday

Zuoli Kechuang Logs Drop in Q1 Profit

Sector Update: Consumer Stocks Mixed Premarket Monday

Fusen Pharmaceutical Unit Gets Marketing Nod for Progesterone Deficiency Drug in China

Bank of Communications Sells 40 Billion Yuan Bonds

Guolian Minsheng Securities' Q1 Profit Climbs 32%

Exchange-Traded Funds Down, Equity Futures Mixed Pre-Bell Monday Amid Hormuz Uncertainty, Corporate Earnings

Sector Update: Tech Stocks Mixed Premarket Monday

China Coal Energy's Profit Slips 3.2% in Q1

TD Cowen Adjusts Price Target on Valero Energy to $255 From $247, Maintains Hold Rating

Sector Update: Energy

Huaneng Power International Sells 3 Billion Yuan Commercial Paper