---
title: "Sector Update: Energy Stocks Lean Lower Pre-Bell Monday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286782946.md"
description: "Energy stocks showed a downward trend pre-bell Monday, with the State Street Energy Select Sector SPDR ETF down 0.5%. The United States Oil Fund fell 1.5%, while the United States Natural Gas Fund rose 9.7%. Crude oil prices decreased, with WTI at $103.58 per barrel. ConocoPhillips signed a 30-year gas supply agreement for the Alaska LNG project, while Phillips 66 announced developments for the Zeus Gas Plant. Eni plans to issue new fixed-rate bonds, with its stock up 0.6%."
datetime: "2026-05-18T13:24:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286782946.md)
  - [en](https://longbridge.com/en/news/286782946.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286782946.md)
---

# Sector Update: Energy Stocks Lean Lower Pre-Bell Monday

09:24 AM EDT, 05/18/2026 (MT Newswires) -- Energy stocks were leaning lower pre-bell Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) declining by 0.5%.

The United States Oil Fund ( USO ) was down 1.5% and the United States Natural Gas Fund ( UNG ) was 9.7% higher.

Front-month US West Texas Intermediate crude oil was 1.8% lower at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $107.89 per barrel, and natural gas futures were up 3% at $3.05 per 1 million British Thermal Units.

ConocoPhillips ( COP ) and Glenfarne Group's subsidiary have signed a 30-year agreement to supply North Slope natural gas for phase one of the Alaska LNG project, the companies said. ConocoPhillips ( COP ) shares were down 1% premarket.

Phillips 66 (PSX) shares were down nearly 2% after the company said it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.

Eni (E) said it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium-term note program. Eni stock was 0.6% higher pre-bell.

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

### Related Stocks

- [COP.US](https://longbridge.com/en/quote/COP.US.md)
- [PSX.US](https://longbridge.com/en/quote/PSX.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [UNG.US](https://longbridge.com/en/quote/UNG.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [E.US](https://longbridge.com/en/quote/E.US.md)
- [EIPAF.US](https://longbridge.com/en/quote/EIPAF.US.md)

## Related News & Research

- [Alaska LNG secures supply deal with ConocoPhillips for pipeline project](https://longbridge.com/en/news/286762085.md)
- [If You Invested $100 In Phillips 66 Stock 5 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/286834498.md)
- [Glenfarne, ConocoPhillips Sign North Slope Gas Sales Precedent Agreement for Alaska LNG | COP Stock News](https://longbridge.com/en/news/286758903.md)
- [US natural gas futures hit 2-month high, heat seen boosting power demand](https://longbridge.com/en/news/286956590.md)
- [US natgas prices dip ahead of storage report as LNG plant flows slide to 15-week low](https://longbridge.com/en/news/286427244.md)