09:26 AM EDT, 04/09/2026 (MT Newswires) -- Energy stocks were advancing pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) up 0.6%.
The United States Oil Fund ( USO ) was 2.4% higher and The United States Natural Gas Fund ( UNG ) was down 0.1%.
Front-month US West Texas Intermediate crude oil was 5.9% higher at $100.02 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.9% to $98.45 per barrel, and natural gas futures were down 0.6% at $2.71 per 1 million British Thermal Units.
Chevron ( CVX ) said it has fully resumed domestic gas supply to Western Australian customers following damage caused by a tropical cyclone in March, Reuters reported. Shares of Chevron ( CVX ) were up 1% premarket.
Occidental Petroleum ( OXY ) stock was up more than 1% after the company said it has discovered oil at the Bandit prospect about 125 miles south of the Louisiana coast.
Exxon Mobil ( XOM ) Chief Executive Darren Woods' 2025 pay fell by a quarter though his salary increased, the company said in a regulatory filing. Exxon Mobil ( XOM ) shares were 0.6% higher premarket.