Sector Update: Energy Stocks Rise Premarket Monday

09:24 AM EDT, 09/28/2026 (MT Newswires) -- Energy stocks were rising premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.3%. The United States Oil Fund (USO) was up 2% and the United States Natural Gas Fund (UNG) was 3.3% lower. Front-month US West Texas Intermediate crude oil was 2.5% higher at $94.71 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $106.48 per barrel, and natural gas futures were down 3.4% at $3.09 per 1 million British Thermal Units. TotalEnergies (TTE) stock was 0.9% higher after the company said it projects 4% in energy production growth per year until 2030. Azerbaijan's SOCAR, which controls Italiana Petroli, will put price caps on its fuel throughout Italy, following Eni's (E) earlier move in the country, Italian Foreign Minister Antonio Tajani said in a post on social media platform X that was translated by Google. Eni shares were up more than 2% premarket. Standard Lithium (SLI) and Equinor (EQNR) partnership Smackover Lithium said it amended a supply agreement with Trafigura for the South West Arkansas project, with commercial production expected in 2029. Shares of Equinor were up more than 1% pre-bell.