---
title: "Sector Update: Energy Stocks Advance Premarket Tuesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286924456.md"
description: "Energy stocks advanced premarket Tuesday, with the State Street Energy Select Sector SPDR ETF up 0.4%. The United States Oil Fund rose 1.5%, while natural gas futures increased by 0.6%. Equinor shares gained over 2% after signing a 5-year gas supply agreement. BP's stock was up 0.4% despite a lockout at its Indiana refinery. Kinetik Holdings shares rose over 1% after announcing a $260 million investment in a new gas processing plant in New Mexico."
datetime: "2026-05-19T13:22:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286924456.md)
  - [en](https://longbridge.com/en/news/286924456.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286924456.md)
---

# Sector Update: Energy Stocks Advance Premarket Tuesday

09:22 AM EDT, 05/19/2026 (MT Newswires) -- Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 0.4% higher.

The United States Oil Fund ( USO ) was up 1.5% and the United States Natural Gas Fund ( UNG ) was 0.8% higher.

Front-month US West Texas Intermediate crude oil was 0.7% lower at $107.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.5% to $110.40 per barrel, and natural gas futures were up 0.6% at $3.04 per 1 million British Thermal Units.

Equinor ( EQNR ) shares were up more than 2% after the company said it signed a 5-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.

BP (BP) maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said. BP stock was 0.4% higher pre-bell.

Kinetik Holdings ( KNTK ) shares were up more than 1% after the company said it has reached a final investment decision and will proceed with the Kings Landing II natural gas processing plant at its existing Kings Landing complex in New Mexico, which is estimated to cost about $260 million.

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

### Related Stocks

- [BP.US](https://longbridge.com/en/quote/BP.US.md)
- [KNTK.US](https://longbridge.com/en/quote/KNTK.US.md)
- [EQNR.US](https://longbridge.com/en/quote/EQNR.US.md)
- [BP.UK](https://longbridge.com/en/quote/BP.UK.md)
- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [UNG.US](https://longbridge.com/en/quote/UNG.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [EMLP.US](https://longbridge.com/en/quote/EMLP.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [BPH.US](https://longbridge.com/en/quote/BPH.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [STOHF.US](https://longbridge.com/en/quote/STOHF.US.md)

## Related News & Research

- [BP fails to reach deal with union as Indiana refinery lockout drags on](https://longbridge.com/en/news/286821122.md)
- [Market Chatter: BP Whiting Refinery Negotiations Stalled, Union Says](https://longbridge.com/en/news/286233825.md)
- [13:47 ETbp Whiting Statement: USW leaves negotiations and delays progress. bp Whiting committed to staying at the table.](https://longbridge.com/en/news/286804480.md)
- [BP to meet union leaders next week for Whiting refinery negotiations](https://longbridge.com/en/news/286301201.md)
- [USW 7-1 Says BP Gives No Clear Answer on Ending Whiting Lockout](https://longbridge.com/en/news/286812565.md)