09:16 AM EDT, 04/11/2024 (MT Newswires) -- Energy stocks were higher premarket Thursday, with the Energy Select Sector SPDR Fund ( XLE ) up 0.1% recently.

The United States Oil Fund (USO) was 0.8% lower, and the United States Natural Gas Fund (UNG) was down 2%.

Front-month US West Texas Intermediate crude oil was down 0.6% at $85.69 per barrel at the New York Mercantile Exchange. Global benchmark Brent crude oil retreated 0.4% to $90.08 per barrel. Natural-gas futures were down 2.6% at $1.84 per 1 million BTU.

Peabody Energy ( BTU ) was down 7.5% after the company said that it expects to report Q1 revenue of $980 million for the quarter ended March 31, lower than Capital IQ analysts' expectation of $1.03 billion.

Petrobras (PBR) was up 0.4% a day after reports said Chief Executive Jean Paul Prates is set to stay in charge of the state-controlled oil giant for now, as internal government battles over the company's chief have cooled.