09:27 AM EDT, 05/28/2026 (MT Newswires) -- Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 0.9% higher.

The United States Oil Fund ( USO ) was up 1.7% and The United States Natural Gas Fund ( UNG ) was 0.4% higher.

Front-month US West Texas Intermediate crude oil was 2.1% higher at $90.56 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $95.84 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.

TotalEnergies (TTE) and Stellantis ( STLA ) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up 2% pre-bell.

Baker Hughes ( BKR ) has secured multiyear contract extensions with Equinor ( EQNR ) for drilling, well services and wireline intervention in the North Sea. Equinor ( EQNR ) stock was up more than 1% premarket.

Borr Drilling ( BORR ) stock was up more than 4% after the company priced an upsized $2.04 billion senior secured notes offering and simultaneously expanded a tender offer for its outstanding 10.375% senior secured notes due 2030.