09:25 AM EST, 02/06/2025 (MT Newswires) -- Energy stocks edged higher premarket Thursday with the Energy Select Sector SPDR Fund ( XLE ) recently up 0.5%.

The United States Oil Fund ( USO ) was up 0.7% and the United States Natural Gas Fund ( UNG ) was 1.9% lower.

Front-month US West Texas Intermediate crude oil was up 1% at $71.74 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.9% to $75.26 per barrel, and natural gas futures were 1.5% lower at $3.31 per 1 million British Thermal Units.

ConocoPhillips ( COP ) shares were down 0.8% after the company reported lower Q4 adjusted earnings and revenue.

Patterson-UTI Energy ( PTEN ) sharesCOP were over 1% lower after the company reported that it swung to a Q4 net loss as revenue declined during the period.

Ecopetrol ( EC ) shares were up more than 1% after the company said it has completed its acquisition of the remaining 45% of the CPO-09 Block from Repsol Colombia Oil & Gas for $452 million, making it the 100% owner of the central Colombian energy asset.