Energy stocks were rising premarket Thursday, with the Energy Select Sector SPDR Fund (XLE) advancing by 0.3%.

The United States Oil Fund (USO) was up 0.2% and the United States Natural Gas Fund (UNG) was 0.5% higher.

Front-month US West Texas Intermediate crude oil was 0.5% higher at $58.57 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.5% to $62.20 per barrel, and natural gas futures were down 0.2% at $3.01 per 1 million British Thermal Units.

Diversified Energy (DEC) stock was up more than 2% after the company and West Virginia Governor Patrick Morrisey said they have entered into a partnership to establish a financial assurance fund for retiring oil and gas wells.

Transocean (RIG) shares were 0.6% higher after the company said early tender results showed about $89.0 million of its 7.35% senior notes due December 2041 was validly tendered in its cash tender offer.

Energy Transfer (ET) has delayed its final investment decision for the proposed Lake Charles liquefied natural gas export project in Louisiana to Q1 2026, Bloomberg reported, citing people familiar with the matter. Shares of Energy Transfer were 0.2% higher premarket.