09:13 AM EDT, 03/13/2024 (MT Newswires) -- Energy stocks were advancing premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) 0.2% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged.

Front-month US West Texas Intermediate crude oil was up 2.3% at $79.35 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil gained 2.1% to $83.65 per barrel, and natural gas futures were 2.6% lower at $1.67 per 1 million British Thermal Units.

ProFrac Holding ( ACDC ) was down more than 6% after reporting that it swung to a Q4 loss as revenue declined during the period.