09:27 AM EDT, 07/16/2026 (MT Newswires) -- Energy stocks were edging higher premarket Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 0.1%.

The United States Oil Fund ( USO ) was up 0.2% and the United States Natural Gas Fund ( UNG ) was 0.1% lower.

Front-month US West Texas Intermediate crude oil was 1.1% higher at $80.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.1% to $85.87 per barrel, and natural gas futures were inactive at $2.92 per 1 million British Thermal Units.

TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth, the company said. Shares of TotalEnergies were down more than 1% pre-bell.

Baker Hughes ( BKR ) said it has completed its acquisition of Chart Industries ( GTLS ) for $210 per share in cash, representing an enterprise value of $13.6 billion. Baker Hughes ( BKR ) shares were 0.2% lower premarket.

Halliburton ( HAL ) said it has secured lump sum turnkey contracts awarded by Aramco that include oil re-entry operations, drilling, completions, and workovers in multiple onshore fields in the Kingdom of Saudi Arabia. Shares of Halliburton ( HAL ) were 0.2% lower pre-bell.