Sector Update: Energy Stocks Fall Premarket Monday

09:26 AM EDT, 10/19/2026 (MT Newswires) -- Energy stocks were falling premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.9%. The United States Oil Fund (USO) was down 1.4% and the United States Natural Gas Fund (UNG) was 0.3% higher. Front-month US West Texas Intermediate crude oil was 0.7% lower at $100.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.7% to $108.04 per barrel, and natural gas futures were up 1.2% at $3.15 per 1 million British Thermal Units. Chord Energy (CHRD) said it has appointed Michael Lou as chief executive officer. Chord Energy shares were down more than 3% pre-bell. Transocean (RIG) shares were up more than 1% after the company said it has received contracts worth around $550 million for two of its ultra-deepwater drillships in the US Gulf.