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 up 0.8% and the United States Natural Gas Fund (UNG) was 0.4% higher.

Front-month US West Texas Intermediate crude oil was 0.2% higher at $61.93 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.3% to reach $66.20 per barrel, and natural gas futures were down 0.9% at $3.32 per 1 million British Thermal Units.

Eni (E) shares were up more than 2% after the company reported higher Q3 earnings and increased its 2025 share buyback authorization.

ConocoPhillips (COP) is set to lay off workers in Canada in November as part of the company's efforts to reduce its global workforce by up to a quarter by 2026, Reuters reported, citing a company memo and three sources familiar with the matter. ConocoPhillips stock was up 0.9% pre-bell.

Chevron's (CVX) consortium with Greek energy company Helleniq Energy was named by the Greek energy ministry as preferred bidder for offshore gas exploration rights in the southern part of the country, the ministry said in a statement. Chevron shares were 0.4% higher premarket.