09:28 AM EDT, 05/11/2026 (MT Newswires) -- Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 1.2%.

The United States Oil Fund ( USO ) was up 2.3% and The United States Natural Gas Fund ( UNG ) was 3.1% higher.

Front-month US West Texas Intermediate crude oil was 2% higher at $97.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $103.40 per barrel, and natural gas futures were up 3.3% at $2.85 per 1 million British Thermal Units.

Kodiak Gas Services ( KGS ) stock was up more than 10% after the company posted higher Q1 adjusted earnings and revenue.

National Energy Services Reunited ( NESR ) shares were up more than 4% after the company reported higher Q1 adjusted earnings and revenue.

Blackstone (BX) and Halliburton ( HAL ) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg News reported, citing people familiar with the matter. Shares of Halliburton ( HAL ) were up more than 1% premarket.