09:22 AM EDT, 05/09/2025 (MT Newswires) -- Energy stocks were rising pre-bell Friday, with The Energy Select Sector SPDR Fund ( XLE ) up 1.2%.

The United States Oil Fund ( USO ) was up 1% and the United States Natural Gas Fund ( UNG ) was 3.2% higher.

Front-month US West Texas Intermediate crude oil was up 1.6% at $60.84 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.4% to reach $63.72 per barrel, and natural gas futures were 3.8% higher at $3.73 per 1 million British Thermal Units.

BP (BP) may be at risk of a takeover after a significant drop in its share price left the UK energy giant undervalued, Financial Times reported, citing people familiar with the matter. BP shares were up over 2% premarket.

BKV (BKV) stock was over 4% higher after the company reported that it swung to Q1 adjusted net income.

Plains All American Pipeline ( PAA ) shares were down more than 1% after the company posted a decline in Q1 adjusted earnings.