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Sector Update: Energy

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Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% lower.

The United States Oil Fund (USO) was down 1.3% and the United States Natural Gas Fund (UNG) was 1% higher.

Front-month US West Texas Intermediate crude oil was 0.8% lower at $76.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.1% to $81.60 per barrel, and natural gas futures were up 0.4% at $2.65 per 1 million British Thermal Units.

Plains All American Pipeline (PAA) stock was down 0.1% even after the company posted higher Q2 adjusted net income and revenue.

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