Sector Update: Energy Stocks Fall Pre-Bell Friday

09:26 AM EDT, 09/04/2026 (MT Newswires) -- Energy stocks were falling pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.7%. The United States Oil Fund (USO) was down 1.3% and the United States Natural Gas Fund (UNG) was 1.7% higher. Front-month US West Texas Intermediate crude oil was 1.1% lower at $90.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1% to $94.54 per barrel, and natural gas futures were up 1.2% at $2.95 per 1 million British Thermal Units. Baker Hughes (BKR) said it won a contract from BP (BP) to provide offshore stimulation services across BP's UK North Sea operations. Baker Hughes shares were 0.4% higher premarket. Dorian LPG (LPG) has agreed to build three 90,000 cubic meter Panamax very large gas carriers, or VLGCs, with Hanhwa Ocean for about 4345 million, the company said. Dorian LPG shares were 0.5% higher pre-bell. Dominion Energy Inc (D) shareholders have given consent to the company to proceed with a planned merger with NextEra Energy (NEE), according to regulatory filings. NextEra Energy stock was down 0.4% premarket.