09:27 AM EDT, 10/13/2025 (MT Newswires) -- Energy stocks were edging higher premarket Monday, with the Energy Select Sector SPDR Fund ( XLE ) advancing by 0.9%.

The United States Oil Fund ( USO ) was up 1.3% and the United States Natural Gas Fund ( UNG ) was 2.6% lower.

Front-month US West Texas Intermediate crude oil was 1.1% higher at $59.53 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1% to $63.37 per barrel. Natural gas futures were down 1.3% at $3.065 per 1 million British Thermal Units.

Bloom Energy ( BE ) shares were up more than 25% after the company announced a $5 billion infrastructure partnership with Brookfield Asset Management ( BAM ) to meet the power and computing demands of artificial intelligence.

Exxon Mobil ( XOM ) is trimming its investment in Europe and selling assets as the EU's climate and human rights regulations are "slowing things down," Exxon Mobil ( XOM ) Chief Executive Darren Woods said on the stage at the Energy Intelligence Forum conference in London, Bloomberg reported. Shares of Exxon Mobil ( XOM ) were 0.7% higher premarket.