Energy stocks were rising premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.7%.

The United States Oil Fund (USO) was up 1.8% and the United States Natural Gas Fund (UNG) was 1.3% lower.

Front-month US West Texas Intermediate crude oil was 1.8% higher at $101.23 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.5% to $114.84 per barrel, and natural gas futures were down 2.7% at $2.72 per 1 million British Thermal Units.

Eni (E) shares were up more than 2% after the company posted higher Q3 earnings and sales, and increased its 2026 underlying oil and gas production growth outlook.