Sector Update: Energy

09:08 AM EST, 11/02/2026 (MT Newswires) -- Energy stocks were falling premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 1.2%. The United States Oil Fund (USO) was down 3.2% and the United States Natural Gas Fund (UNG) was 2.5% higher. Front-month US West Texas Intermediate crude oil was 6% lower at $97.89 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 5.8% to $106.89 per barrel, and natural gas futures were up 2.2% at $2.96 per 1 million British Thermal Units. Kosmos Energy (KOS) shares were down more than 9% after the company reported a swing to Q3 adjusted net income amid higher revenue, with both still missing analysts' expectations.