Sector Update: Energy Stocks Fall Pre-Bell Tuesday

MT newswire2026/09/29 13:28

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

09:28 AM EDT, 09/29/2026 (MT Newswires) -- Energy stocks were falling pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 1.1%. The United States Oil Fund (USO) was down 3.1% and the United States Natural Gas Fund (UNG) was 2.5% lower. Front-month US West Texas Intermediate crude oil was 2.3% lower at $90.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.9% to reach $103.29 per barrel, and natural gas futures were down 1.4% at $3.06 per 1 million British Thermal Units. Shell (SHEL) said it made a final investment decision to expand LNG Canada in Kitimat, British Columbia, doubling the facility's production capacity to 28 million tonnes per annum. Shell stock was down more than 1% premarket. SLB's (SLB) OneSubsea joint venture has been contracted to deliver subsea production systems for the first phase of the offshore Rovuma LNG project in Mozambique, the oilfield services company said. SLB shares were down more than 1% pre-bell. TC Energy (TRP) said the second phase of its Coastal GasLink pipeline project will move forward after LNG Canada and its partners reached a positive final investment decision on the facility expansion. TC Energy stock was down more than 1% premarket.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to The Wall Street Journal, U.S. President Trump is not only relying more heavily on Bessent, but has also given him the responsibility of tackling complex economic issues such as high borrowing costs, persistent inflation driven by oil prices, and the rapidly accumulating government debt. A senior government official who has worked with Treasury Secretary Bessent stated that the entire burden of the administration’s economic policy agenda rests on the shoulders of this Treasury Secretary.

智通财经•2026/10/07 01:21

Pump.fun has sold a total of 5.3479 million SOL, worth $861 million.

Odaily星球日报•2026/10/07 00:59

Nymex US crude oil futures main contract breaks above $90 per barrel

The main Nymex US crude oil futures contract has just surpassed the $90.00 per barrel mark, now quoted at $90.01 per barrel, up 0.64% on the day.

智通财经•2026/10/07 00:16

Hot Review: Market Confusion Intensifies, IEA to Finalize Diesel Reserve Release Details Next Week

(1) The G7 agreed last week to release 100 million barrels of reserves, and the IEA Council is expected to discuss details of the reserve release on October 14-15. (2) The EU's Oil Coordination Group will meet on Wednesday to determine the EU's position. According to sources, Western energy watchdog agencies will meet next week to finalize details regarding the release of diesel reserves. The market is becoming increasingly confused, as it remains unclear how much inventory Europe and the US plan to release to alleviate supply shortages and record-high prices. (3) A source said that G7 member Italy will participate in this reserve release. A spokesperson for the European Commission stated on Tuesday that the EU Oil Coordination Group will meet on Wednesday. The White House did not immediately respond to a request for clarification on the details of this reserve release.

智通财经•2026/10/07 00:06