Sector Update: Energy Stocks Lean Lower Premarket Monday

MT Newswires Live2025-05-19

Energy stocks leaned lower premarket Monday as the Energy Select Sector SPDR Fund (XLE) was down 0.5% recently.

The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 4% lower.

Front-month US West Texas Intermediate crude oil was slightly higher at $62.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.1% to $65.36 per barrel, and natural gas futures were 4.9% lower at $3.17 per 1 million British Thermal Units.

Sable Offshore (SOC) shares rose by over 20% after the company said it restarted production at the Santa Ynez Unit, with oil now flowing to Las Flores Canyon at about 6,000 barrels per day.

Halliburton (HAL) said it has launched its EarthStar 3DX reservoir mapping service. Shares of Halliburton were down more than 1% pre-bell.

Crescent Energy (CRGY) said it appointed J.D. Hall as chief operating officer, effective June 2. Crescent Energy shares were over 1% lower premarket.

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