09:22 AM EDT, 05/06/2026 (MT Newswires) -- Energy stocks were lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF ( XLE ) retreating by 4%.

The United States Oil Fund ( USO ) was down 7.5%, while The United States Natural Gas Fund ( UNG ) was 1.4% lower.

Front-month US West Texas Intermediate crude oil was down 10% at $91.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 9.6% to $99.34 per barrel, and natural gas futures were 2.5% lower at $2.72 per 1 million British Thermal Units.

TotalEnergies (TTE) shares were down more than 4% before the opening bell, reversing the 1.4% gain from the prior session. The company said it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.

Equinor ( EQNR ) shares were down more than 8% premarket after the company reported lower Q1 revenue.

Select Water Solutions ( WTTR ) stock was up over 4% after the company reported better-than-expected Q1 earnings and revenue.