08:57 AM EDT, 04/11/2024 (MT Newswires) -- Energy stocks were higher premarket Thursday with the Energy Select Sector SPDR Fund (XLE) up 0.2% recently.

The United States Oil Fund (USO) was 0.7% lower and the United States Natural Gas Fund (UNG) was down 1.9%.

Front-month US West Texas Intermediate crude oil was down 0.6% at $85.67 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil retreated 0.4% to $90.09 per barrel, and natural gas futures were down 2.6% at $1.83 per 1 million British Thermal Units.

Peabody Energy ( BTU ) shares were down 6.9% pre-bell after the company said that it expects to report Q1 revenue of $980 million for the quarter ended March 31, lower than Capital IQ analysts' expectation of $1.03 billion.