Sector Update: Energy

Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%. The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.4% lower. Front-month US West Texas Intermediate crude oil was 0.6% lower at $68.29 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.4% to $71.82 per barrel, and natural gas futures were up 0.1% at $3.20 per 1 million British Thermal Units. Solaris Energy Infrastructure (SEI) stock was 5% higher after the company said it has acquired Global Energy Services Alliance, expanding its power generation capabilities in installation, commissioning, operations, maintenance and repair.