Sector Update: Energy Stocks Mostly Higher Early Monday

MT newswire2026/10/12 13:32

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09:32 AM EDT, 10/12/2026 (MT Newswires) -- Energy stocks were mostly higher in early trading Monday, with the State Street Energy Select Sector SPDR ETF (XLE) gaining 1.2%. The United States Oil Fund (USO) was up 2.1%, while the United States Natural Gas Fund (UNG) was 2.2% lower. Front-month US West Texas Intermediate crude oil was up 2% at $93.65 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2% to $106.81 per barrel, and natural gas futures were 2.3% lower at $3.15 per 1 million British Thermal Units. DHT (DHT) shares were up nearly 4% after the company said it expects time charter equivalent earnings of $141,300 per day for its fleet in Q3. Marathon Petroleum (MPC) shares were up nearly 2% after Jefferies raised its price target for the company to $433 from $413. Phillips 66 (PSX) stock was 2% higher after Jefferies & Co raised its price target to $276 from $242.

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