09:23 AM EST, 03/07/2025 (MT Newswires) -- Energy stocks were edging higher premarket Friday, with The Energy Select Sector SPDR Fund ( XLE ) up 0.2%.

The United States Oil Fund ( USO ) was up 1.7% and the United States Natural Gas Fund ( UNG ) was down 3.5%.

Front-month US West Texas Intermediate crude oil was up 1.4% at $67.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.4% to reach $70.43 per barrel, and natural gas futures were 3.4% lower at $4.16 per 1 million British Thermal Units.

Eni (E) has received non-binding offers for a minority stake in its carbon capture and storage unit from five parties, Reuters reported, citing sources with knowledge of the matter. Eni shares were up more than 1% premarket.

CenterPoint Energy ( CNP ) said it has completed more than half of its planned near-term "critical resiliency" actions and grid improvements since Fall last year. CenterPoint Energy ( CNP ) shares were 0.4% lower pre-bell.