Sector Update: Energy Stocks Decline Premarket Monday

09:25 AM EST, 11/09/2026 (MT Newswires) -- Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.7%. The United States Oil Fund (USO) was 4% lower and the United States Natural Gas Fund (UNG) was up 6.5%. Front-month US West Texas Intermediate crude oil was 4.1% lower at $87.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 4.5% to $93.86 per barrel, and natural gas futures were up 4.7% at $3.14 per 1 million British Thermal Units. NRG Energy (NRG) shares were up more than 6% after the company posted higher Q3 adjusted earnings and revenue. Kodiak Gas Services (KGS) stock was up more than 5% after the company reported higher Q3 adjusted earnings and revenue. Murphy Oil (MUR) has entered the Eastern Mediterranean after securing six exploration licenses in Zone G offshore Israel, expanding its international exploration portfolio, the company said. Murphy Oil shares were 0.4% lower pre-bell.