09:55 AM EDT, 07/13/2026 (MT Newswires) -- Energy stocks were higher in early trading Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) gaining 2.2%.

The United States Oil Fund ( USO ) was up 3.3%, while the United States Natural Gas Fund ( UNG ) was 3% lower.

Front-month US West Texas Intermediate crude oil was up 3.8% to $74.09 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $78.76 per barrel, and natural gas futures were 1.5% lower at $2.90 per 1 million British Thermal Units.

Pembina Pipeline ( PBA ) stock was up more than 2%. Wells Fargo upgraded Pembina Pipeline ( PBA ) to overweight from underweight and raised its price target to CA$76 from CA$55.

Occidental Petroleum ( OXY ) rose 2% in early Monday trading. Jefferies cut the company's price target to $56 from $58 while maintaining a hold rating.

Targa Resources ( TRGP ) shares were up 1.3%. Goldman Sachs raised its price target on the company to $298 from $283 and maintained a buy rating.