Sector Update: Energy
MT newswire2026/10/07 13:1209:12 AM EDT, 10/07/2026 (MT Newswires) -- Energy stocks were advancing premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.7%. The United States Oil Fund (USO) was up 0.4% and the United States Natural Gas Fund (UNG) was 2% higher. Front-month US West Texas Intermediate crude oil was 0.4% higher at $89.82 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.8% to $101.41 per barrel, and natural gas futures were up 2.3% at $3.19 per 1 million British Thermal Units. A BKV (BKV) subsidiary signed a contract for the supply of natural gas-fired power generation equipment that will be used at BKV's prospective power generation project in Texas, according to a statement. BKV stock was up more than 7% pre-bell.
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