09:27 AM EST, 11/12/2024 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday with the Energy Select Sector SPDR Fund ( XLE ) recently up 0.1%.

The United States Oil Fund ( USO ) was up 1.3% and the United States Natural Gas Fund ( UNG ) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was 1.5% higher at $69.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.2% to $72.72 per barrel, and natural gas futures were down 0.4% at $2.91 per 1 million British Thermal Units.

Golar LNG (GLNG) shares were down more than 3% after the company reported that it swung to a Q3 net loss as revenue fell during the period.

Shell (SHEL) praised the Dutch Court of Appeal of The Hague's decision to overturn a 2021 district court ruling ordering it to reduce its worldwide carbon emissions by 45% by the end of 2030 compared with 2019 levels. Shell shares were down over 1% premarket.

FLEX LNG ( FLNG ) shares declined by 0.6% after the company reported lower Q3 adjusted earnings and revenue.