Sector Update: Energy Stocks Advance Pre-Bell Thursday

Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The United States Oil Fund (USO) was 2.4% higher and The United States Natural Gas Fund (UNG) was down 0.1%.Front-month US West Texas Intermediate crude oil was 5.9% higher at $100.02 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.9% to $98.45 per barrel, and natural gas futures were down 0.6% at $2.71 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 1% premarket.Occidental Petroleum (OXY) stock was up more than 1% after the company said it has discovered oil at the Bandit prospect about 125 miles south of the Louisiana coast.Exxon Mobil (XOM) Chief Executive Darren Woods' 2025 pay fell by a quarter though his salary increased, the company said in a regulatory filing. Exxon Mobil shares were 0.6% higher premarket.

-- Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.

The United States Oil Fund (USO) was 2.4% higher and The United States Natural Gas Fund (UNG) was down 0.1%.

Front-month US West Texas Intermediate crude oil was 5.9% higher at $100.02 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.9% to $98.45 per barrel, and natural gas futures were down 0.6% at $2.71 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 1% premarket.

Occidental Petroleum (OXY) stock was up more than 1% after the company said it has discovered oil at the Bandit prospect about 125 miles south of the Louisiana coast.

Exxon Mobil (XOM) Chief Executive Darren Woods' 2025 pay fell by a quarter though his salary increased, the company said in a regulatory filing. Exxon Mobil shares were 0.6% higher premarket.