09:25 AM EDT, 04/02/2026 (MT Newswires) -- Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 2.6%.

The United States Oil Fund ( USO ) was 12.7% higher and the United States Natural Gas Fund ( UNG ) was down 0.4%.

Front-month US West Texas Intermediate crude oil was 12.3% higher at $112.60 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 8.1% to $109.32 per barrel, and natural gas futures were up 0.9% at $2.84 per 1 million British Thermal Units.

TotalEnergies (TTE) stock was up more than 2% after the company said it agreed to establish a $2.2 billion joint venture with United Arab Emirates-based energy company Masdar to combine their onshore renewable energy activities in nine countries across Asia.

Transocean ( RIG ) shares were up more than 3% after the company said it has been awarded a new contract and contract extensions totaling about $1 billion in incremental firm backlog, and retired 8.375% senior secured notes due 2028.

Scorpio Tankers ( STNG ) said it is collaborating with Ampera to jointly develop and commercialize micronuclear power solutions for marine and shipping applications. Scorpio Tankers ( STNG ) stock was 0.2% higher premarket.