09:24 AM EDT, 05/09/2024 (MT Newswires) -- Energy stocks were advancing premarket Thursday as the Energy Select Sector SPDR Fund ( XLE ) was up 0.1% recently.

The United States Oil Fund ( USO ) was 0.1% lower and the United States Natural Gas Fund ( UNG ) was up 2.8%.

Front-month US West Texas Intermediate crude oil was up 0.1% at $79.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil gained 0.1% to $83.63 per barrel, and natural gas futures were up 2% at $2.23 per 1 million British Thermal Units.

Scorpio Tankers ( SBBA ) shares were up 0.9% after the company reported higher Q1 adjusted net income and revenue.

Hess Midstream ( HESM ) subsidiary Hess Midstream Operations priced $600 million of 6.5% senior unsecured notes due 2029 at par in a private offering, upsized from $500 million. Hess Midstream ( HESM ) shares were 0.1% higher pre-bell.

Cheniere Energy Partners ( CQP ) said it priced a $1.2 billion offering of 5.75% senior notes due Aug. 15, 2034. Cheniere Energy Partners ( CQP ) shares were up 0.9% premarket.