Energy stocks rose premarket Friday as the Energy Select Sector SPDR Fund (XLE) recently advanced by 0.2%.
The United States Oil Fund (USO) was up 0.4% and the United States Natural Gas Fund (UNG) was 0.4%.
Front-month US West Texas Intermediate crude oil was up 0.7% at $62.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.6% to $64.93 per barrel, and natural gas futures were 0.9% higher at $4.00 per 1 million British Thermal Units.
Vistra (VST) shares were up over 2% after the company said it signed a definitive agreement to acquire seven natural gas generation facilities totaling about 2,600 megawatts from Lotus Infrastructure Partners in a deal valued at $1.9 billion.
OPAL Fuels (OPAL) plans to build a biogas-to-renewable natural gas facility at Republic Services' (RSG) Charlotte Motor Speedway Landfill in Concord, North Carolina, in a joint venture with the waste-management company's affiliate. Shares of OPAL Fuels were 5% higher premarket.
EOG Resources (EOG) shares were up 0.5% after the company said it has been granted full rights to explore and develop an onshore shale block in Abu Dhabi's Al Dhafra region.
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