Energy stocks were advancing pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.5%.

The United States Oil Fund (USO) was 1.1% higher and The United States Natural Gas Fund (UNG) was down 2.3%.

Front-month US West Texas Intermediate crude oil was down 0.6% at $95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined by 0.8% to $107.77 per barrel, and natural gas futures were 2.2% lower at $3.10 per 1 million British Thermal Units.

OMS Energy Technologies (OMSE) stock was up more than 4% after the company said its OMS Oilfield Services Arabia subsidiary has received a $11 million order from Saudi Aramco under an existing long-term supply agreement.

KNOT Offshore Partners (KNOP) shares were down more than 3% after the company said that discussions over a potential buyout offer from Knutsen NYK Offshore Tankers have been terminated.

Battalion Oil (BATL) stock was down more than 4% after the company said it has closed its acquisition of certain oil and gas assets comprising 7,090 net acres in Ward County, Texas, from RoadRunner Resource in an all-stock deal.