Energy stocks were edging higher pre-bell Monday, with the Energy Select Sector SPDR Fund (XLE) advancing by 0.4%.

The United States Oil Fund (USO) was up 0.4% and the United States Natural Gas Fund (UNG) was 1.1% lower.

Front-month US West Texas Intermediate crude oil was up 0.4% at $61.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.4% to $66.17 per barrel, and natural gas futures were up 0.8% at $3.33 per 1 million British Thermal Units.

Alliance Resource Partners (ARLP) stock was up more than 2% after the company reported Q3 earnings and revenue that topped analyst estimates.

ProPetro (PUMP) shares were up 19% after the company said its PROPWR division signed a long-term contract to supply 60 megawatts of energy to support a hyperscaler data center operator in the US Midwest.

Exxon Mobil (XOM) has sued the state of California, claiming that certain 2023 climate disclosure laws violate its First Amendment rights, particularly freedom of speech, news outlets reported. Exxon Mobil shares were 0.2% higher pre-bell.