Sector Update: Energy Stocks Lean Lower Pre-Bell Monday
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Energy stocks showed a downward trend pre-bell Monday, with the State Street Energy Select Sector SPDR ETF down 0.5%. The United States Oil Fund fell 1.5%, while the United States Natural Gas Fund rose 9.7%. Crude oil prices decreased, with WTI at $103.58 per barrel. ConocoPhillips signed a 30-year gas supply agreement for the Alaska LNG project, while Phillips 66 announced developments for the Zeus Gas Plant. Eni plans to issue new fixed-rate bonds, with its stock up 0.6%.
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