Sector Update: Energy Stocks Decline Premarket Monday

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 up 0.2% and the United States Natural Gas Fund (UNG) was 0.2% lower. Front-month US West Texas Intermediate crude oil was 0.8% lower at $68.14 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.6% to $71.66 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. Core Natural Resources (CNR) said its Consol Innovations subsidiary was selected by the US Department of Energy for a multi-million-dollar grant to pilot critical mineral and material recovery from coal. Core Natural Resources shares were up 0.7% pre-bell. Kosmos Energy (KOS) stock was up more than 1% after the company said its J76 well at Ghana's Jubilee field began production in mid-June, about two weeks behind schedule, and is producing about.