Sector Update: Energy

MT newswire2026/11/05 13:03

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09:03 AM EST, 11/05/2026 (MT Newswires) -- Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% higher. The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 0.5% lower. Front-month US West Texas Intermediate crude oil was 1.3% higher at $89.27 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $96.55 per barrel, and natural gas futures were down 0.7% at $2.94 per 1 million British Thermal Units. ConocoPhillips (COP) shares were up more than 1% after the company posted higher Q3 adjusted earnings and revenue, and raised its quarterly dividend.

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The White House has canceled the previously scheduled President’s Council of Advisors on Science and Technology meeting, which was set for Friday and includes prominent tech leaders such as Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. The Department of Energy's meeting page briefly listed November 13 as the new meeting date, but the agency later sent an email retracting this information. Currently, the specific date for rescheduling the meeting remains unclear.

华尔街见闻•2026/11/06 23:26