09:05 AM EDT, 06/05/2026 (MT Newswires) -- Energy stocks were advancing pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%

The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 1% lower.

Front-month US West Texas Intermediate crude oil was 0.5% lower at $92.56 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.4% to $94.64 per barrel, and natural gas futures were down 1.4% at $3.29 per 1 million British Thermal Units.

BP (BP) agreed to subscribe for 10 million British Pounds ($13.5 million) in convertible loan notes and secure exclusive crude oil marketing rights in new agreements, Coastal Africa Group said. BP stock was 0.8% lower premarket.