09:06 AM EDT, 05/13/2025 (MT Newswires) -- Energy stocks were rising premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) up 0.6%.

The United States Oil Fund (USO) was up 1.5% and the United States Natural Gas Fund (UNG) was 0.9% higher.

Front-month US West Texas Intermediate crude oil was up 1.3% at $62.78 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.2% to reach $65.72 per barrel, and natural gas futures were 1.1% higher at $3.69 per 1 million British Thermal Units.

Independent proxy advisory firm Institutional Shareholder Services, or ISS, recommended that Phillips 66 (PSX) shareholders support the four board nominees backed by Elliott Investment Management for "meaningful boardroom change" at Phillips 66. Phillips 66 shares were over 1% higher pre-bell.