09:20 AM EDT, 08/07/2024 (MT Newswires) -- Energy stocks were advancing premarket Wednesday with the Energy Select Sector SPDR Fund ( XLE ) 1.6% higher recently.

The United States Oil Fund ( USO ) was 2.3% higher and the United States Natural Gas Fund ( UNG ) was up 3.9%.

Front-month US West Texas Intermediate crude oil was up 2.3% at $74.87 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.2% to $78.15 per barrel, and natural gas futures were up 4.5% at $2.10 per 1 million British Thermal Units.

Permian Resources ( PR ) shares rose 6.1% after the company reported higher results for Q2.

Devon Energy ( DVN ) shares were up 2.9% after the company reported higher Q2 results.

Sunoco ( SUN ) reported higher Q2 results on Wednesday. The company's shares were up 2.2% pre-bell.