09:29 AM EDT, 10/23/2025 (MT Newswires) -- Energy stocks were rising pre-bell Thursday, with The Energy Select Sector SPDR Fund ( XLE ) 1.9% higher.

The United States Oil Fund ( USO ) was up 4.2% and the United States Natural Gas Fund ( UNG ) was 0.4% lower.

Front-month US West Texas Intermediate crude oil was 5.9% higher at $61.94 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 5.4% to $66.01 per barrel, and natural gas futures were down 1.7% at $3.39 per 1 million British Thermal Units.

Valero Energy ( VLO ) shares were up more than 2% after the company reported Q3 adjusted earnings and revenue that exceeded analysts' expectations.

Patterson-UTI Energy ( PTEN ) stock was up more than 7% after the company reported a narrower Q3 net loss.

Oceaneering International ( OII ) shares were down more than 4% after the company said it expects its Q4 revenue to decline year over year.