09:22 AM EDT, 10/22/2024 (MT Newswires) -- Energy stocks were advancing premarket Tuesday with the Energy Select Sector SPDR Fund ( XLE ) 0.3% higher recently.

The United States Oil Fund ( USO ) was up 1% and the United States Natural Gas Fund ( UNG ) was 0.8% lower.

Front-month US West Texas Intermediate crude oil was 0.7% higher at $70.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.6% to $74.71 per barrel. Natural gas futures were down 0.8% at $2.294 per 1 million British Thermal Units.

Equinor ( EQNR ) has submitted a bid alongside some Japanese partners in Japan's state auctions to develop an offshore wind farm, Reuters reported, citing unnamed sources. Equinor ( EQNR ) shares were up 0.6% premarket.

FirstEnergy ( FE ) said its American Transmission Systems unit has completed the construction of a new transmission service center in Mahoning County, Ohio. FirstEnergy ( FE ) shares were down 0.4% pre-bell.