Sector Update: Energy

09:05 AM EDT, 10/28/2026 (MT Newswires) -- Energy stocks were higher premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.6%. The United States Oil Fund (USO) was up 1.7%, while the United States Natural Gas Fund (UNG) was 0.4% lower. Front-month US West Texas Intermediate crude oil was up 1% to $101.98 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil advanced 1.8% to $111.38 per barrel, and natural gas futures were 4.2% higher at $2.81 per 1 million British Thermal Units. Phillips 66 (PSX) shares gained 1.1% after the company reported higher Q3 adjusted earnings and revenue.