09:17 AM EST, 01/06/2026 (MT Newswires) -- Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 0.4%.

The United States Oil Fund ( USO ) was up 0.6% and the United States Natural Gas Fund ( UNG ) was 4.1% lower.

Front-month US West Texas Intermediate crude oil was up 0.7% at $58.74 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.8% to $62.26 per barrel, and natural gas futures were 4.6% lower at $3.36 per 1 million British Thermal Units.

Borr Drilling ( BORR ) shares were up more than 3% after the company said it has received new contract commitments for two of its premium jack-up rigs.

Eni (E) and Repsol are battling to recover about $6 billion owed by Venezuela for gas supply amid tighter US restrictions, the Financial Times reported, citing two people familiar with the matter. Eni shares were 0.3% lower premarket.

Sunoco ( SUN ) shares were 0.5% higher after the company said it expects full-year 2026 adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, in the range of $3.1 billion to $3.3 billion.