Sector Update: Energy Stocks Rise Pre-Bell Thursday
MT newswire2026/10/08 13:2409:24 AM EDT, 10/08/2026 (MT Newswires) -- Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.7%. The United States Oil Fund (USO) was up 3% and the United States Natural Gas Fund (UNG) was 1.5% higher. Front-month US West Texas Intermediate crude oil was 4.3% higher at $92.11 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.2% to $104.43 per barrel, and natural gas futures were up 2.2% at $3.27 per 1 million British Thermal Units. Devon Energy (DVN) said it has agreed to sell its Eagle Ford assets in Texas to Crescent Energy (CRGY) for $4.2 billion in cash. Devon Energy shares were up more than 2% and Crescent Energy stock was down more than 1% premarket. Equinor (EQNR) shares were up more than 3% after the company said it discovered gas at the Gullfaks South field 190 kilometers northwest of Bergen, Norway. Chevron (CVX) has started shut-in procedures for production at four Gulf of America facilities and is evacuating workers as Tropical Storm Isaias approaches, the company said. Chevron stock was up more than 1% pre-bell.
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