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Sector Update: Energy Stocks Edge Higher Pre-Bell Tuesday
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Sector Update: Energy Stocks Edge Higher Pre-Bell Tuesday
Mar 31, 2026 6:42 AM

09:27 AM EDT, 03/31/2026 (MT Newswires) -- Energy stocks were edging higher pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 0.3%.

The United States Oil Fund ( USO ) was 1.1% lower and The United States Natural Gas Fund ( UNG ) was up 3.2%.

Front-month US West Texas Intermediate crude oil was 0.4% higher at $103.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil marginally declined to $107.38 per barrel, and natural gas futures were 2.6% higher at $2.96 per 1 million British Thermal Units.

Eni (E) unit Plenitude said it is expanding its electric vehicle charging infrastructure in Spain. Shares of Eni were up more than 1% pre-bell.

BP's (BP) head of electric vehicle charging division and its petrol station and retail business in Europe and South Africa, Martin Thomsen, has left the company, Financial Times reported, citing people familiar with the matter. BP shares were up more than 1% premarket.

SLB (SLB) stock was 0.1% higher after the company said it has signed a three-year deal with Azule Energy to continue and expand the use of its Delfi digital platform throughout Azule's operations in Angola.

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