Sector Update: Energy Stocks Rise Premarket Friday

MT newswire2026/10/23 13:25

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

09:25 AM EDT, 10/23/2026 (MT Newswires) -- Energy stocks were rising premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.6%. The United States Oil Fund (USO) was up 2.2% and the United States Natural Gas Fund (UNG) was 2% lower. Front-month US West Texas Intermediate crude oil was 1.8% higher at $101.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.5% to $114.86 per barrel, and natural gas futures were down 2.2% at $2.73 per 1 million British Thermal Units. Eni (E) shares were up more than 3% after the company posted higher Q3 financial results and increased its 2026 underlying oil and gas production growth outlook. SLB (SLB) stock was up over 2% after the company reported lower Q3 non-GAAP earnings, while revenue increased during the period. Chevron (CVX) plans to expand drilling in Argentina's Vaca Muerta shale formation to accelerate its goal of tripling its production in the country by 2035, Reuters reported. Chevron shares were 0.8% higher premarket.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Amid a sharp drop in Korean stocks, Korean retail investors turned contrarian, making a net purchase of over 315.4 billion KRW in leveraged products of Samsung and SK Hynix in October alone. They simultaneously spent 4.7 trillion KRW acquiring US-listed triple-leveraged semiconductor ETF (SOXL), accounting for nearly 74% of total purchases of US stocks during the same period. This marks the first rebound since tightening regulations in July and two consecutive months of net selling.

华尔街见闻•2026/10/26 00:41

Korean retail investors start bottom fishing! Their targets are still "Samsung and SK Hynix leveraged ETFs"

AI Bubble Index at 74, CoreWeave (CRWV.US) stock price may fall below $50

CoreWeave's stock price has dropped nearly 70% from its peak to $54.25, with the short interest ratio rising to 15%. As the AI bubble index reaches an extreme value of 74 and the company faces $3 billion in debt pressure, its share price is at risk of falling below the critical support level of $50.

智通财经•2026/10/26 00:36