09:09 AM EDT, 04/07/2026 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.

The United States Oil Fund (USO) was 1.7% higher and the United States Natural Gas Fund (UNG) was up 1.5%.

Front-month US West Texas Intermediate crude oil was 2.8% higher at $115.59 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.1% to $110.98 per barrel, and natural gas futures were up 1% at $2.84 per 1 million British Thermal Units.

Phillips 66 (PSX) stock was down more than 2% after the company said Q1 results are expected to be weighed down by $900 million in mark-to-market losses tied to the surge in commodity prices, according to preliminary data.