09:20 AM EDT, 10/10/2024 (MT Newswires) -- Energy stocks were advancing premarket Thursday with the Energy Select Sector SPDR Fund ( XLE ) 0.3% higher recently.

The United States Oil Fund ( USO ) was up 0.9% and the United States Natural Gas Fund ( UNG ) was 0.9% lower.

Front-month US West Texas Intermediate crude oil was 1.6% higher at $74.66 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.6% to $77.82 per barrel, and natural gas futures were down 2% at $2.61 per 1 million British Thermal Units.

Atlas Energy Solutions ( AESI ) shares were over 4% lower after the company said it expects higher plant operating expenses to affect its Q3 results, with revenue estimated to be between $300 million and $310 million and the quarter's operating results expected to fall below previous guidance.

Occidental Petroleum ( OXY ) reported in a regulatory filing factors that could affect its Q3 results, including its average realized price for worldwide oil of $75.33 per barrel for the quarter ended Sept. 30. Occidental Petroleum ( OXY ) shares were up 0.6% pre-bell.

Exxon Mobil ( XOM ) and Greece's Hellenic Hydrocarbons and Energy Resources Management have decided to enter the second phase of offshore exploration in their joint venture project southwest of the island of Crete, the Greek's state-owned company said. Exxon Mobil ( XOM ) shares were 0.8% higher premarket.