09:22 AM EDT, 05/19/2026 (MT Newswires) -- Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% higher.

The United States Oil Fund (USO) was up 1.5% and the United States Natural Gas Fund (UNG) was 0.8% higher.

Front-month US West Texas Intermediate crude oil was 0.7% lower at $107.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.5% to $110.40 per barrel, and natural gas futures were up 0.6% at $3.04 per 1 million British Thermal Units.

Equinor (EQNR) shares were up more than 2% after the company said it signed a 5-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.

BP (BP) maintained the lockout at its Whiting refinery in Indiana after failing to reach a deal with the United Steelworkers, or USW, Local 7-1, the company said. BP stock was 0.4% higher pre-bell.

Kinetik Holdings (KNTK) shares were up more than 1% after the company said it has reached a final investment decision and will proceed with the Kings Landing II natural gas processing plant at its existing Kings Landing complex in New Mexico, which is estimated to cost about $260 million.