09:06 AM EDT, 04/15/2024 (MT Newswires) -- Energy stocks were edging higher premarket Monday as the Energy Select Sector SPDR Fund (XLE) was recently up 0.4%.

The United States Oil Fund (USO) was 0.9% lower and the United States Natural Gas Fund (UNG) was down 3.6%.

Front-month US West Texas Intermediate crude oil was down 0.6% at $85.17 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil lost 0.7% to $89.84 per barrel, and natural gas futures were down 2.7% at $1.72 per 1 million British Thermal Units.

BP's (BP) electric vehicle charging business, BP Pulse, cut more than 100 jobs in recent months, or over 10% of its worldwide headcount of 900, Reuters reported, citing unnamed company sources. BP shares were up 0.3% pre-bell.