Energy stocks were edging higher premarket Thursday, with The Energy Select Sector SPDR Fund (XLE) up 1%.
The United States Oil Fund (USO) was up 1.9% and the United States Natural Gas Fund (UNG) was 0.6% higher.
Front-month US West Texas Intermediate crude oil was up 1.7% at $59.03 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.4% to reach $61.95 per barrel, and natural gas futures were 0.9% higher at $3.65 per 1 million British Thermal Units.
ConocoPhillips (COP) shares were up past 1% after the company reported an increase in Q1 adjusted earnings.
Canadian Natural Resources (CNQ) stock was up over 2% after the company posted higher Q1 adjusted earnings and revenue.
Cheniere Energy (LNG) shares were up more than 1% after the company reported higher revenue.
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