Sector Update: Energy

09:03 AM EST, 11/05/2026 (MT Newswires) -- Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% higher. The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 0.5% lower. Front-month US West Texas Intermediate crude oil was 1.3% higher at $89.27 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $96.55 per barrel, and natural gas futures were down 0.7% at $2.94 per 1 million British Thermal Units. ConocoPhillips (COP) shares were up more than 1% after the company posted higher Q3 adjusted earnings and revenue, and raised its quarterly dividend.