09:05 AM EST, 12/03/2025 (MT Newswires) -- Energy stocks were rising premarket Wednesday, with The Energy Select Sector SPDR Fund (XLE) advancing by 0.6%.

The United States Oil Fund (USO) was up 1.2% and the United States Natural Gas Fund (UNG) was 2.4% higher.

Front-month US West Texas Intermediate crude oil was up 1.2% at $59.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1% to reach $63.10 per barrel, and natural gas futures were 2.6% higher at $4.97 per 1 million British Thermal Units.

Eni (E) shares were up more than 1% after the company said it has entered a long-term LNG sale agreement with Turkish company Botas.