09:24 AM EST, 01/29/2026 (MT Newswires) -- Energy stocks were edging higher pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 2.2%.

The United States Oil Fund ( USO ) was 4.5% higher and The United States Natural Gas Fund ( UNG ) was up 2.8%.

Front-month US West Texas Intermediate crude oil was up 4.1% at $65.78 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 3.9% to reach $71.05 per barrel, and natural gas futures were 3.4% higher at $3.86 per 1 million British Thermal Units.

TotalEnergies (TTE) is set to restart its liquefied natural gas project in Mozambique after a delay of almost five years, according to a translated statement from the office of Mozambique's President Daniel Chapo. Shares of TotalEnergies were up more than 2% premarket.

Valero Energy ( VLO ) stock was up 3% after the company posted Q4 adjusted earnings and revenue that topped analysts' expectations.

CNX Resources ( CNX ) shares were up more than 3% after the company reported that it swung to Q4 earnings as revenue and other operating income increased during the period.