09:21 AM EDT, 10/15/2025 (MT Newswires) -- Energy stocks were advancing pre-bell Wednesday, with the Energy Select Sector SPDR Fund ( XLE ) 0.9% higher.

The United States Oil Fund ( USO ) was up 1.2% and the United States Natural Gas Fund ( UNG ) was 1% lower.

Front-month US West Texas Intermediate crude oil was 0.9% higher at $59.24 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.7% to $62.84 per barrel. Natural gas futures were down 0.6% at $3.011 per 1 million British Thermal Units.

Halliburton ( HAL ) shares were up nearly 3% after the company said it has been awarded multiple contracts by Petrobras (PBR) to provide vessel stimulation, intelligent completions and safety valves in Brazil's deep-water fields.

Sable Offshore ( SOC ) said the Santa Barbara Superior Court has indicated in a tentative ruling that it will deny the company's claims against the California Coastal Commission. Shares of Sable Offshore ( SOC ) were down more than 22% premarket.

Cenovus Energy ( CVE ) said it has acquired an additional 3.3 million shares of Meg Energy. Cenovus Energy ( CVE ) shares were 0.5% higher pre-bell.