Sector Update: Energy Stocks Advance Premarket Wednesday
MT newswire2026/10/07 13:2609:26 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 0.6% higher at $89.96 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1% to $101.60 per barrel, and natural gas futures were up 2.3% at $3.18 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. VAALCO Energy (EGY) completed its offshore Gabon phase 3 drilling program, yielding "encouraging" initial well results, the company said. VAALCO Energy shares were up more than 1% premarket. Shell (SHEL) raised its Q3 integrated gas production outlook to 740,000 to 780,000 barrels of oil equivalent per day from its prior projection of 570,000 to 630,000 boe/d. Shell shares were 0.3% lower pre-bell.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SNT Holdings, Related Party Raise Combined Stake in SNTEnergy to 55.75% From 52.75%
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
Crypto prices
More
