09:28 AM EDT, 06/01/2026 (MT Newswires) -- Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 1% higher.

The United States Oil Fund ( USO ) was up 4.4% and the United States Natural Gas Fund ( UNG ) was 2.9% lower.

Front-month US West Texas Intermediate crude oil was 2.6% higher at $89.64 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.1% to $93.98 per barrel, and natural gas futures were down 3% at $3.19 per 1 million British Thermal Units.

Equinor ( EQNR ) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said. Shares of Equinor ( EQNR ) were up more than 4% pre-bell.

Venture Global ( VG ) shares were up more than 3% after the company said its Venture Global LNG subsidiary plans to issue $2.25 billion of senior secured notes due 2034 and 2036 in a private offering.

BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported. BP stock was up more than 1% premarket.