09:10 AM EDT, 06/08/2026 (MT Newswires) -- Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% higher.

The United States Oil Fund (USO) was up 2.1% and the United States Natural Gas Fund (UNG) was 2.7% lower.

Front-month US West Texas Intermediate crude oil was 1.3% higher at $91.72 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $94.74 per barrel, and natural gas futures were down 2.7% at $3.14 per 1 million British Thermal Units.

Eni (E) and Petronas have launched a new 50/50 joint venture called Searah that will combine businesses across Indonesia and Malaysia, the companies said. Shares of Eni were up more than 1% pre-bell.