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Sector Update: Energy Stocks Lean Lower Premarket Thursday
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Sector Update: Energy Stocks Lean Lower Premarket Thursday
Jun 4, 2026 6:36 AM

09:22 AM EDT, 06/04/2026 (MT Newswires) -- Energy stocks were leaning lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) declining by 0.8%.

The United States Oil Fund ( USO ) was down 3.2% and the United States Natural Gas Fund ( UNG ) was 2% higher.

Front-month US West Texas Intermediate crude oil was 3.7% lower at $92.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.1% to $94.77 per barrel, and natural gas futures were up 2.5% at $3.29 per 1 million British Thermal Units.

Expro Group ( XPRO ) shares were up more than 1% after the company said it has filed its definitive proxy statement with the Securities and Exchange Commission regarding its proposed move to redomicile in the Cayman Islands from the Netherlands.

TransAlta ( TAC ) said it has agreed to buy two natural gas-fired peaking facilities in Colorado from Blackstone units in a $1.0 billion deal, including $750 million of debt. TransAlta ( TAC ) stock was down more than 5% premarket.

DHT (DHT) secured a new $250 million revolving credit facility to strengthen financial flexibility and lengthen its debt maturity schedule, the company said. DHT shares were 0.1% lower pre-bell.

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