Sector Update: Energy Stocks Fall Premarket Monday
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Energy stocks experienced a decline in premarket trading on Monday, with The Energy Select Sector SPDR Fund down 1%. The United States Oil Fund fell by 2%, and the United States Natural Gas Fund decreased by 3.1%. Crude oil prices dropped, with West Texas Intermediate at $63.07 per barrel and North Sea Brent at $66.40. Phillips 66 shares fell 0.6% amid shareholder concerns, while Petrobras' board is seeking a partner for its nitrogen fertilizer plants, with shares down 0.2%.
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