09:05 AM EDT, 08/09/2024 (MT Newswires) -- Energy stocks were edging higher premarket Friday, with The Energy Select Sector SPDR Fund (XLE) up 0.3%.

The United States Oil Fund (USO) was 0.7% higher and the United States Natural Gas Fund (UNG) was 1.8%.

Front-month US West Texas Intermediate crude oil was up 0.4% at $76.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to reach $79.41 per barrel, and natural gas futures were down 2.3% at $2.18 per 1 million British Thermal Units.

New Fortress Energy ( NFE ) shares were down more than 6% after the company swung to a Q2 adjusted loss as revenue fell during the period.