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Sector Update: Energy

Jun 11, 2026 6:01 AM

08:31 AM EDT, 06/11/2026 (MT Newswires) -- Energy stocks were up premarket Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) gaining 0.4%.

The United States Oil Fund ( USO ) was down 1.4%, while the United States Natural Gas Fund ( UNG ) was 1.1% lower.

Front-month US West Texas Intermediate crude oil was down 1.3% to $88.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 1.4% to $91.81 per barrel, and natural gas futures were 2% lower at $3.12 per 1 million British Thermal Units.

BP (BP) stock was up more than 1% before market open a day after the company said its Whiting refinery team held a 63rd formal bargaining meeting with the United Steelworkers Local 7-1 committee to discuss a new labor contract.

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