U.S. Stock Market Update | Energy stocks rise, U.S. Energy surges over 7%
U.S. Energy stocks are generally rising, with U.S. Energy surging over 7%. Due to the impact of Hurricane Henri, the power outage situation in Florida and surrounding areas has improved, and power companies are restoring electricity supply. The number of power outages has decreased from 1.7 million to 1.1 million, and it is expected that power will be restored to most areas by Friday
According to Zhitong Finance, on Thursday, energy stocks rose. As of the time of publication, U.S. Energy (USEG.US) surged over 7%, Houston Energy (HUSA.US) surged over 11%, Schlumberger (SLB.US), and Total (TTE.US) rose nearly 1%. On the news front, data shows that on September 26, after Hurricane Helene hit the Panhandle area of Florida, more than 1.1 million households and businesses in the southeastern and midwestern regions of the United States were still without power on Wednesday local time. As power companies continue to restore power, these outages have decreased from 1.7 million on Tuesday. The storm caused approximately 5.5 million outages, mainly concentrated in the southeastern region. According to PowerOutage.us, the utility company with the most outages is Duke Energy (DUK.N) of U.S. Energy, with approximately 287,732 and 234,375 customers still without power in South Carolina and North Carolina, respectively. Duke Energy stated on Tuesday that it had restored power to about 1.6 million customers in North Carolina and expects to restore power to most of the remaining outages by Friday night