---
title: "Sector Update: Energy Stocks Decline Premarket Monday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285081800.md"
description: "Energy stocks are declining premarket, with the State Street Energy Select Sector SPDR ETF down 0.3%. The United States Oil Fund is slightly lower, while the United States Natural Gas Fund is up 1%. Crude oil prices are mixed, with WTI up 0.4% and Brent up 1.8%. Hess Midstream shares rose over 2% after reporting higher Q1 earnings. Equinor is extending supplier deals worth approximately $1.83 billion, with its stock up over 1%. ProPetro shares fell over 5% due to plans for a $500 million convertible note offering."
datetime: "2026-05-04T13:29:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285081800.md)
  - [en](https://longbridge.com/en/news/285081800.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285081800.md)
---

# Sector Update: Energy Stocks Decline Premarket Monday

09:29 AM EDT, 05/04/2026 (MT Newswires) -- Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 0.3% lower.

The United States Oil Fund ( USO ) was marginally lower and The United States Natural Gas Fund ( UNG ) was 1% higher.

Front-month US West Texas Intermediate crude oil was 0.4% higher at $102.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $110.13 per barrel, and natural gas futures were up 1.1% at $2.81 per 1 million British Thermal Units.

Hess Midstream ( HESM ) shares were up more than 2% after the company posted higher Q1 earnings and revenue.

Equinor ( EQNR ) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said. Equinor ( EQNR ) stock was up more than 1% premarket.

ProPetro ( PUMP ) shares were down more than 5% after the company said it plans to offer $500 million in convertible senior notes due 2031 in a private placement, with an additional $75 million option for initial purchasers.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [PUMP.US](https://longbridge.com/en/quote/PUMP.US.md)
- [EQNR.US](https://longbridge.com/en/quote/EQNR.US.md)
- [HESM.US](https://longbridge.com/en/quote/HESM.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [TPYP.US](https://longbridge.com/en/quote/TPYP.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [EMLP.US](https://longbridge.com/en/quote/EMLP.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [UNG.US](https://longbridge.com/en/quote/UNG.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [AMLP.US](https://longbridge.com/en/quote/AMLP.US.md)
- [STOHF.US](https://longbridge.com/en/quote/STOHF.US.md)

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