Sector Update: Energy

MT newswire2026/08/28 12:58

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08:58 AM EDT, 08/28/2026 (MT Newswires) -- Energy stocks were mostly lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 0.2%. The United States Oil Fund (USO) was down 1%, while the United States Natural Gas Fund (UNG) was 1.7% lower. Front-month US West Texas Intermediate crude oil was down 1% at $82.73 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.5% to $89.30 per barrel, and natural gas futures were 2.5% lower at $2.84 per 1 million British Thermal Units. BW LPG (BWLP) stock was down more than 4% after the company reported lower Q2 revenue.

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