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Sector Update: Energy

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-- Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% higher.

The United States Oil Fund (USO) was up 1.1% and the United States Natural Gas Fund (UNG) was 1% higher.

Front-month US West Texas Intermediate crude oil was 0.9% higher at $102.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $110.17 per barrel, and natural gas futures were up 0.4% at $2.79 per 1 million British Thermal Units.

Hess Midstream (HESM) shares were up more than 2% after the company posted higher Q1 earnings and revenue.

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