Energy stocks were edging higher pre-bell Thursday as the Energy Select Sector SPDR Fund (XLE) was edging up 0.01% recently.
The United States Oil Fund (USO) was 0.1% lower and the United States Natural Gas Fund (UNG) was up 0.8%.
Front-month US West Texas Intermediate crude oil was 0.4% higher at $65.43 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to $68.68 per barrel. Natural gas futures were 1.5% higher at $3.639 per 1 million British Thermal Units.
Kinder Morgan (KMI) shares were down 1% even after the company reported higher Q2 adjusted earnings and revenue.
BW LPG (BWLP) shares were 0.1% lower after the company said it closed two financing deals worth $595 million to support fleet renewal and reduce funding costs.
Helix Energy Solutions Group (HLX) shares were up more than 2% after the company said it has been chosen as a service provider for Danish power cables manufacturer NKT's T3600 Subsea Trencher under a four-year agreement.
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