Sector Update: Energy

Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.7%.The United States Oil Fund (USO) was 3% higher and the United States Natural Gas Fund (UNG) was down 0.8%.Front-month US West Texas Intermediate crude oil was 5.8% higher at $99.92 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.1% to $98.59 per barrel, and natural gas futures were down 0.1% at $2.72 per 1 million British Thermal Units.Chevron (CVX) said it has fully resumed domestic gas supply to Western Australian customers following damage caused by a tropical cyclone in March, Reuters reported. Shares of Chevron were up more than 1% premarket.

-- Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.7%.

The United States Oil Fund (USO) was 3% higher and the United States Natural Gas Fund (UNG) was down 0.8%.

Front-month US West Texas Intermediate crude oil was 5.8% higher at $99.92 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.1% to $98.59 per barrel, and natural gas futures were down 0.1% at $2.72 per 1 million British Thermal Units.

Chevron (CVX) said it has fully resumed domestic gas supply to Western Australian customers following damage caused by a tropical cyclone in March, Reuters reported. Shares of Chevron were up more than 1% premarket.