09:25 AM EST, 11/06/2024 (MT Newswires) -- Energy stocks were higher in premarket activity Wednesday as the Energy Select Sector SPDR Fund ( XLE ) was up 1.6% recently.

The United States Oil Fund ( USO ) was down 2% and the United States Natural Gas Fund ( UNG ) was 2% higher.

Front-month US West Texas Intermediate crude oil was 2.5% lower at $70.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2.4% to $73.71 per barrel. Natural gas futures were up 2.1% at $2.725 per 1 million British Thermal Units.

Northern Oil and Gas ( NOG ) shares were up over 3.5% after the company reported an increase in Q3 revenue.

California Resources ( CRC ) shares advanced by nearly 6% after the company reported higher Q3 adjusted earnings and revenue.

Sunoco ( SUN ) shares were down 0.5% after the company reported that it swung to a Q3 net loss as revenue fell during the period.