---
title: "Sector Update: Energy Stocks Edge Higher Pre-Bell Thursday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286426922.md"
description: "Energy stocks showed slight gains pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing. However, the United States Oil Fund (USO) fell 0.7%, and the United States Natural Gas Fund (UNG) dropped 0.9%. Crude oil prices decreased, with West Texas Intermediate at $100.62 per barrel and Brent crude at $105.02. Kodiak Gas Services (KGS) shares fell over 4% after pricing a public offering at $71 per share. Chevron (CVX) agreed to sell its downstream businesses in several countries to ENEOS for $2.17 billion, with CVX stock down 0.3%."
datetime: "2026-05-14T13:27:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286426922.md)
  - [en](https://longbridge.com/en/news/286426922.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286426922.md)
---

# Sector Update: Energy Stocks Edge Higher Pre-Bell Thursday

09:27 AM EDT, 05/14/2026 (MT Newswires) -- Energy stocks were edging higher pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) marginally advancing.

The United States Oil Fund ( USO ) was down 0.7% and The United States Natural Gas Fund ( UNG ) was 0.9% lower.

Front-month US West Texas Intermediate crude oil was 0.4% lower at $100.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to reach $105.02 per barrel, and natural gas futures were down 1.4% at $2.82 per 1 million British Thermal Units.

Kodiak Gas Services ( KGS ) shares were down more than 4% after the company priced an underwritten public offering of 10.6 million shares at $71 apiece.

Chevron ( CVX ) agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to ENEOS for $2.17 billion, ENEOS said. Chevron ( CVX ) stock was 0.3% lower pre-bell.

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

### Related Stocks

- [CVX.US](https://longbridge.com/en/quote/CVX.US.md)
- [KGS.US](https://longbridge.com/en/quote/KGS.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [UNG.US](https://longbridge.com/en/quote/UNG.US.md)
- [5020.JP](https://longbridge.com/en/quote/5020.JP.md)

## Related News & Research

- [Rising Crude Oil Prices Support Ethanol and Sugar Prices](https://longbridge.com/en/news/287251837.md)
- [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md)
- [Asia Naphtha/Gasoline-Naphtha prices fall in tandem with Brent](https://longbridge.com/en/news/287056749.md)
- [Devon Energy dominates record $4 billion US government oil and gas auction](https://longbridge.com/en/news/287124420.md)
- [Japan's April crude import price hits record high in yen terms amid Middle East war, weak yen](https://longbridge.com/en/news/287194240.md)