Did the energy sector ETF XLE also rise?

Yes, the State Street Energy Select Sector SPDR ETF (XLE) moved higher in premarket trading.

What caused the rise in energy stocks today?

The original report did not cite a specific reason, but it may be linked to higher oil prices or positive market sentiment.

Energy Stocks Rise in Premarket Trading Friday

Energy stocks rose in premarket trading on Friday, with Chevron (CVX) and ConocoPhillips (COP) both higher, as the State Street Energy Select Sector SPDR ETF (XLE) also moved up.

July 17, 2026

2 min read

Source: MT Newswires

Energy stocks advanced in premarket trading on Friday, with shares of Chevron (CVX) and ConocoPhillips (COP) both gaining, as the State Street Energy Select Sector SPDR ETF (XLE) also moved higher.

Details of the Move

Chevron (CVX): The stock rose in premarket trading.
ConocoPhillips (COP): The stock also posted gains.
XLE ETF: The energy sector ETF moved higher, reflecting broad positive momentum in the sector.

Possible Reasons

No specific catalyst was cited in the original report, but the move may be linked to broader sector trends, such as changes in oil prices or market sentiment.

Context

The rise comes after a mixed week for the sector. Investors are watching U.S. inventory data and crude oil prices for further direction.

Similar Moves in the Sector

Energy stocks often move in tandem with oil price fluctuations, as Chevron and ConocoPhillips are major producers.

What This Means for Investors

The premarket strength could signal a positive session for energy stocks, but traders will look for additional catalysts during regular trading hours to confirm the trend.

Frequently Asked Questions

Chevron (CVX) and ConocoPhillips (COP) both rose in premarket trading on Friday.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.