Energy stocks were edging higher premarket Friday, with the Energy Select Sector SPDR Fund (XLE) advancing by 0.3%.

The United States Oil Fund (USO) was 0.1% higher and the United States Natural Gas Fund (UNG) was down 1.4%.

Front-month US West Texas Intermediate crude oil was 0.4% higher at $65.34 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.4% to $69.71 per barrel, and natural gas futures were down 1.1% at $3.16 per 1 million British Thermal Units.

Knot Offshore Partners (KNOP) stock was up more than 4% after the company reported Q2 earnings late Thursday of $6.8 million, swinging from a loss of $12.9 million a year earlier.

TechnipFMC (FTI) shares were up more than 2% after the company said it received a contract valued between $250 million and $500 million from Exxon Mobil Guyana to supply subsea production systems for its Hammerhead project in the Stabroek Block.

Exxon Mobil's (XOM) Esso and Eni (E) are among the six oil companies that were fined a combined 936.7 million euros ($1.09 billion) for allegedly establishing a fuel price "cartel," the Italian Competition Authority said. Exxon Mobil shares were 0.4% higher and Eni stock was up 0.1% pre-bell.