09:08 AM EDT, 10/20/2025 (MT Newswires) -- Energy stocks were rising pre-bell Monday, with the Energy Select Sector SPDR Fund (XLE) up 0.1%.

The United States Oil Fund (USO) was down 2% and the United States Natural Gas Fund (UNG) was 5.2% higher.

Front-month US West Texas Intermediate crude oil was 0.7% lower at $57.13 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.7% to $60.85 per barrel, and natural gas futures were up 7% at $3.22 per 1 million British Thermal Units.

BP (BP) confirmed hydrocarbon discovery in Namibia's Orange Basin, which was reported by operator Rhino Resources. The company said results of the Volans-1X exploration well in Namibia are undergoing further evaluation. Shares of BP were 0.1% higher premarket.