09:23 AM EDT, 11/01/2024 (MT Newswires) -- Energy stocks were advancing premarket Friday with the Energy Select Sector SPDR Fund ( XLE ) 0.1% higher recently.

The United States Oil Fund ( USO ) was up 0.8% and the United States Natural Gas Fund ( UNG ) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was 2.6% higher at $71.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 2.3% to $74.47 per barrel, and natural gas futures were down 0.8% at $2.69 per 1 million British Thermal Units.

Baytex Energy ( BTE ) shares were up over 2% after the company reported an increase in Q3 net income.

Exxon Mobil ( XOM ) shares rose past 2% after the company reported lower Q3 earnings and revenue that still met and topped analysts' expectations, respectively.

Chevron ( CVX ) shares rose 2% despite the company reporting lower Q3 adjusted earnings and revenue.