08:46 AM EST, 12/10/2024 (MT Newswires) -- Energy stocks were advancing premarket Tuesday with the Energy Select Sector SPDR Fund (XLE) 0.3% higher recently.

The United States Oil Fund (USO) was 0.2% higher and the United States Natural Gas Fund (UNG) was down 2.5%.

Front-month US West Texas Intermediate crude oil was down 0.3% at $68.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.4% to $71.87 per barrel. Natural gas futures were down 2.6% at $3.101 per 1 million British Thermal Units.

Kinetik Holdings ( KNTK ) is set to acquire Permian Resources' ( PR ) natural gas and crude oil gathering systems in Reeves County, Texas, for $180 million in cash. Shares of Kinetik Holdings ( KNTK ) climbed 2.9% and Permian Resources ( PR ) rose 0.3%.