09:29 AM EDT, 10/06/2025 (MT Newswires) -- Energy stocks were rising pre-bell Monday, with The Energy Select Sector SPDR Fund ( XLE ) advancing by 0.7%.
The United States Oil Fund ( USO ) was 1% higher and the United States Natural Gas Fund ( UNG ) was up 2.1%.
Front-month US West Texas Intermediate crude oil was 0.9% higher at $61.45 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1% to reach $65.19 per barrel, and natural gas futures were up 2.5% at $3.41 per 1 million British Thermal Units.
Sable Offshore ( SOC ) shares were up more than 1% after the company said it is set to update its lawsuit against the California Coastal Commission to formally seek more than $347 million in damages for the delay in restarting its Las Flores oil pipeline.
Shell (SHEL) entered an agreement to sell a 27% participating interest in the North Cleopatra block offshore Egypt to QatarEnergy for an undisclosed sum, the latter said. Shell stock was 0.3% higher premarket.
TotalEnergies (TTE) and Veolia said they signed a memorandum of understanding to collaborate on energy transition and the circular economy, to lower their greenhouse gas emissions and water footprint. TotalEnergies shares were 0.1% higher pre-bell.