09:05 AM EDT, 10/22/2024 (MT Newswires) -- Energy stocks were advancing premarket Tuesday with the Energy Select Sector SPDR Fund (XLE) 0.4% higher recently.

The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 1.1% lower.

Front-month US West Texas Intermediate crude oil was 1% higher at $71.76 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.6% to $74.78 per barrel, and natural gas futures were down 1% at $2.29 per 1 million British Thermal Units.

Equinor ( EQNR ) has submitted a bid alongside some Japanese partners in Japan's state auctions to develop an offshore wind farm, Reuters reported, citing unnamed sources. Equinor ( EQNR ) shares were up 0.8% premarket.