Sector Update: Energy

MT Newswires Live
Nov 03, 2025

Energy stocks were slightly higher pre-bell Monday, with the Energy Select Sector SPDR Fund (XLE) up 0.1%.

The United States Oil Fund (USO) was up 0.2%, and the United States Natural Gas Fund (UNG) was 0.9% higher.

Front-month US West Texas Intermediate crude oil was up marginally at $61.00 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil retreated 9.1% to $64.68 per barrel. Natural gas futures were up 0.1% at $4.13 per 1 million British Thermal Units.

SM Energy (SM) and Civitas Resources (CIVI) said they have signed a definitive merger agreement for an all-stock transaction. The deal values the combined entity at about $12.8 billion, inclusive of both companies' net debt, according to the companies. SM Energy shares fell more than 1%, while Civitas Resources shares were up more than 4% premarket.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10