Energy stocks edged higher pre-bell Monday as the Energy Select Sector SPDR Fund (XLE) recently advanced by 0.3%.
The United States Oil Fund (USO) was up 0.2% and the United States Natural Gas Fund (UNG) was 0.7% higher.
Front-month US West Texas Intermediate crude oil was up 0.2% at $68.40 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil was up 0.2% to $72.28 per barrel. Natural gas futures were up 0.2% at $3.988 per 1 million British Thermal Units.
TotalEnergies' (TTE) renewable energy assets in Portugal are attracting interest from Abu Dhabi-based Masdar, which is exploring the acquisition of an undisclosed stake, Reuters reported, citing three people with knowledge of the matter. TotalEnergies shares were down 0.8% premarket.
CMB.TECH (CMBT) shares were up over 1% after the company said it has signed an agreement with Mitsui OSK Lines and MOL CHEMICAL TANKERS for nine ammonia-powered Newcastlemax bulk carriers and chemical tankers.
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