09:17 AM EST, 01/28/2025 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday with the Energy Select Sector SPDR Fund (XLE) advancing by 0.4% recently.

The United States Oil Fund (USO) was up 1.6% and the United States Natural Gas Fund (UNG) was 3.7% lower.

Front-month US West Texas Intermediate crude oil was up 1.5% at $74.27 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.2% to $77.09 per barrel. Natural gas futures were down 3.8% at $3.130 per 1 million British Thermal Units.

CNX Resources ( CNX ) shares were up 0.6% after the company closed the $505 million cash acquisition of the natural gas upstream and associated midstream business in the Appalachian Basin of Apex Energy II.