09:09 AM EDT, 05/07/2025 (MT Newswires) -- Energy stocks rose premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) advancing by 0.4% recently.

The United States Oil Fund (USO) was up 0.1% and the United States Natural Gas Fund (UNG) was 5.1% higher.

Front-month US West Texas Intermediate crude oil was up 0.1% at $59.16 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.1% to $62.19 per barrel. Natural gas futures were 3% higher at $3.931 per 1 million British Thermal Units.

MPLX ( MPLX ) , Enbridge ( ENB ) , and I Squared have agreed to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy ( DVN ) , WhiteWater, the operator of the pipeline, said. Shares of MPLX ( MPLX ) were up nearly 2% pre-bell.