09:29 AM EDT, 03/27/2026 (MT Newswires) -- Energy stocks were advancing premarket Friday, with the State Street Energy Select Sector SPDR ETF ( XLE ) up 0.5%.

The United States Oil Fund ( USO ) was 3% higher and The United States Natural Gas Fund ( UNG ) was up 3.4%.

Front-month US West Texas Intermediate crude oil was up 2.8% at $97.10 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose by 2.6% to $110.81 per barrel, and natural gas futures were 1.8% higher at $3.05 per 1 million British Thermal Units.

Venture Global ( VG ) shares were up 3% after the company said it reached a settlement agreement with Edison resolving pending arbitration related to the Calcasieu Pass liquefied natural gas export project.

Woodside Energy's ( WDS ) liquefied natural gas production has been impacted after outages caused by a cyclone in the region, a spokesperson for the company told MT Newswires in an emailed statement. Shares of Woodside Energy ( WDS ) were 0.7% higher pre-bell.

Chevron ( CVX ) and Exxon Mobil ( XOM ) interests in the Caspian Pipeline Consortium are not being targeted by Russia, Kremlin spokesman Dmitry Peskov said, according to multiple reports. Chevron ( CVX ) shares were up 0.3% and Exxon Mobil ( XOM ) stock was 0.5% higher premarket.