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Sector Update: Energy
Jun 29, 2026 6:36 AM

09:07 AM EDT, 06/29/2026 (MT Newswires) -- Energy stocks were edging higher pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.

The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 3.6% lower.

Front-month US West Texas Intermediate crude oil was 1.1% higher at $69.99 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.8% to $72.55 per barrel, and natural gas futures were down 2% at $3.21 per 1 million British Thermal Units.

Eni (E) has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil, the Italian integrated energy producer said. Shares of Eni were up more than 1% premarket.

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