Sector Update: Energy

09:04 AM EST, 11/03/2026 (MT Newswires) -- Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.1% lower. The United States Oil Fund (USO) was down 1.4% and the United States Natural Gas Fund (UNG) was 1.5% higher. Front-month US West Texas Intermediate crude oil was 1.9% lower at $94.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3% to $101.63 per barrel, and natural gas futures were up 1.6% at $2.90 per 1 million British Thermal Units. Marathon Petroleum (MPC) stock was down nearly 2% even after the company posted higher Q3 adjusted earnings and revenue.