Sector Update: Energy Stocks Decline Premarket Monday

fidelity
2026.05.04 13:29
portai
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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.