<div id="readability-page-1">09:23 AM EDT, 05/13/2026 (MT Newswires) -- Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 0.2% lower.The United States Oil Fund ( USO ) was down 0.4% and The United States Natural Gas Fund ( UNG ) was 2.6% higher.Front-month US West Texas Intermediate crude oil was slightly lower at $102.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.3% to $107.44 per barrel, and natural gas futures were up 2.5% at $2.92 per 1 million British Thermal Units.FLEX LNG ( FLNG ) shares were more than 1% higher after the company raised its 2026 revenue guidance.BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were 0.4% lower pre-bell.Ring Energy ( REI ) stock was down more than 23% after the company priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

Energy stocks are declining premarket, with the State Street Energy Select Sector SPDR ETF down 0.2%. The United States Oil Fund fell 0.4%, while natural gas futures rose 2.5%. FLEX LNG shares increased over 1% after raising 2026 revenue guidance. BP shares dropped 0.4% amid halted contract talks with the US steelworkers' union. Ring Energy stock plummeted over 23% after pricing a public offering at $1.35 per share, aiming for $60 million in gross proceeds.

fidelity

Ring Energy

BP PLC-Spons

BP p.l.c.

Flex LNG

Us Brent Oil

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

SPDR O&G Ex & Prd

BP p.l.c. ADRhedged

VanEck Oil Refiners ETF

ISHRS S&P Glb Engy

VG Energy

SPDR Energy Select

VanEck Oil Services ETF

United States Oil Fund LP

iShares US Oil & Gas Expl & Prod

iShares US Oil Equip & Svcs

Us Natural Gas

Sector Update: Energy Stocks Decline Premarket Wednesday