Energy stocks were advancing premarket Monday as the Energy Select Sector SPDR Fund (XLE) was 0.7% higher recently.

The United States Oil Fund (USO) was 2.8% higher and the United States Natural Gas Fund (UNG) was up 1.2%.

Front-month US West Texas Intermediate crude oil was 2.7% higher at $66.92 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 2.5% to $70.17 per barrel, and natural gas futures were 0.4% higher at $3.12 per 1 million British Thermal Units.

Alliance Resource Partners (ARLP) shares were down more than 4% after the company reported lower Q2 earnings and revenue.

Enterprise Products Partners (EPD) stock was 0.5% higher after the company reported an increase in Q2 earnings.

Eni (E) expects its green businesses to generate operating profits comparable to those from oil and gas by 2035, with profits from renewables and related activities surpassing traditional energy by 2040, the Financial Times reported, quoting Eni chief executive officer Claudio Descalzi. Shares of Eni were down more than 1.3% premarket.