08:52 AM EST, 12/26/2024 (MT Newswires) -- Energy stocks were edging higher premarket Thursday as the Energy Select Sector SPDR Fund (XLE) recently advanced by 0.1%.

The United States Oil Fund (USO) was up 0.7% and the United States Natural Gas Fund (UNG) was 4.5% lower.

Front-month US West Texas Intermediate crude oil was 0.8% higher at $70.69 per barrel on the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $74.15 per barrel, and natural gas futures were down 4.2% at $3.78 per 1 million British Thermal Units.

Berry (BRY) shares were up 0.5% after the company said it has closed a debt refinancing, securing a $450 million term loan and a revolving credit agreement of up to $500 million.