09:20 AM EDT, 07/12/2024 (MT Newswires) -- Energy stocks were advancing premarket Friday with the Energy Select Sector SPDR Fund ( XLE ) up 0.5% recently.

The United States Oil Fund ( USO ) was 0.4% higher and the United States Natural Gas Fund ( UNG ) was down 0.3%.

Front-month US West Texas Intermediate crude oil was up 1% at $83.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.9% to $86.14 per barrel. Natural gas futures were unchanged at $2.268 per 1 million British Thermal Units.

Martin Midstream Partners ( MMLP ) is not for sale, the general partner of the petroleum midstream company said late Thursday in response to a $4-per-unit buyout proposal by Nut Tree Capital and Caspian Capital. Martin Midstream Partners ( MMLP ) rose by 0.8% premarket.

APA (APA) said it curtailed about 78 million cubic feet per day of US natural gas production in Q2 due to low Waha hub prices. APA was up 0.7% pre-bell.