09:24 AM EDT, 03/16/2026 (MT Newswires) -- Energy stocks were higher pre-bell Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 0.2%.

The United States Oil Fund ( USO ) was 2% lower and The United States Natural Gas Fund ( UNG ) was down 0.8%.

Front-month US West Texas Intermediate crude oil was down 3.7% at $95.05 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.1% to reach $102.06 per barrel, and natural gas futures were 0.2% higher at $3.14 per 1 million British Thermal Units.

Sable Offshore ( SOC ) shares were up more than 8% after the company said it resumed transporting hydrocarbons produced at the Santa Ynez unit through the Santa Ynez pipeline system on Saturday, as directed by US Secretary of Energy Chris Wright.

National Energy Services Reunited ( NESR ) stock was up more than 1% after the company said it has secured several, multiyear cementing contracts of about $300 million.

Eni (E) said it has made two new offshore gas discoveries in Libya as part of an exploration effort initiated in recent months. Eni shares were down 0.3% premarket.