Sector Update: Energy Stocks Decline Premarket Tuesday

09:24 AM EST, 11/03/2026 (MT Newswires) -- Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.1% lower. The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 1.6% higher. Front-month US West Texas Intermediate crude oil was 2% lower at $94.53 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.9% to $101.73 per barrel, and natural gas futures were up 1.8% at $2.91 per 1 million British Thermal Units. Marathon Petroleum (MPC) stock was down more than 2% even after the company posted higher Q3 adjusted earnings and revenue. Icahn Enterprises (IEP) shares were up more than 3% after the company reported higher Q3 revenue. CVR Energy (CVI) stock was down more than 2% after the company launched an underwritten public offering of $750 million of shares.