09:23 AM EDT, 10/31/2024 (MT Newswires) -- Energy stocks were advancing premarket Thursday with the Energy Select Sector SPDR Fund ( XLE ) 0.4% higher recently.

The United States Oil Fund ( USO ) was up 0.8% and the United States Natural Gas Fund ( UNG ) was 1.7% lower.

Front-month US West Texas Intermediate crude oil was 1.2% higher at $69.42 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1% to $73.25 per barrel, and natural gas futures were down 1.7% at $2.80 per 1 million British Thermal Units.

ConocoPhillips ( COP ) shares were up over 2% after the company reported lower Q3 adjusted earnings and revenue that still topped analysts' expectations. The company also raised its quarterly ordinary dividend and share buyback program authorization.

Shell (SHEL) shares were up more than 1% after the company reported higher Q3 adjusted earnings. The company also launched a $3.5 billion share buyback program.

TotalEnergies (TTE) shares fell by over 1% after the company reported lower Q3 adjusted earnings and revenue.