09:23 AM EST, 11/13/2024 (MT Newswires) -- Energy stocks were advancing premarket Wednesday, with The Energy Select Sector SPDR Fund ( XLE ) 0.1% higher.

The United States Oil Fund ( USO ) was down 0.6% and the United States Natural Gas Fund ( UNG ) was 1.8% lower.

Front-month US West Texas Intermediate crude oil was 0.4% lower at $67.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.4% to reach $71.61 per barrel, and natural gas futures were down 1.8% at $2.86 per 1 million British Thermal Units.

DHT Holdings ( DHT ) shares were up more than 2% after the company reported higher Q3 earnings and shipping revenue.

Exxon Mobil ( XOM ) has agreed to sell conventional oil-drilling assets in the Permian Basin to Hilcorp Energy, a spokesperson confirmed. Exxon Mobil ( XOM ) shares were up 0.4% pre-bell.

Shell's (SHEL) Singapore refinery is on track to complete its sale to a joint venture between Indonesia's Chandra Asri and Switzerland's Glencore by Q1, Reuters reported, citing sources familiar with the matter. Shell shares were down 0.9% premarket.