Sector Update: Energy

09:11 AM EST, 11/04/2026 (MT Newswires) -- Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% lower. The United States Oil Fund (USO) was down 3.1% and the United States Natural Gas Fund (UNG) was marginally higher. Front-month US West Texas Intermediate crude oil was 2.6% lower at $93.64 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.4% to $101.08 per barrel, and natural gas futures were up 1% at $2.92 per 1 million British Thermal Units. Vermilion Energy (VET) shares were down more than 3% after the company reported a wider Q3 loss.