09:24 AM EDT, 07/23/2026 (MT Newswires) -- Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF ( XLE ) advancing by 1.7%.

The United States Oil Fund ( USO ) was up 5.6% and the United States Natural Gas Fund ( UNG ) was 1.8% higher.

Front-month US West Texas Intermediate crude oil was 4.6% higher at $90.79 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 5.9% to $99.64 per barrel, and natural gas futures were up 1.6% at $2.97 per 1 million British Thermal Units.

TotalEnergies (TTE) stock was up more than 2% after the company reported higher Q2 adjusted earnings and revenue.

Ares Management ( ARES ) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said. Eni shares were up more than 1% premarket.

Oceaneering International ( OII ) stock was up more than 4% after the company posted higher fiscal Q2 non-GAAP net income and revenue.