Energy stocks were advancing premarket Friday with the Energy Select Sector SPDR Fund (XLE) 0.5% higher recently.
The United States Oil Fund (USO) was 0.4% higher and the United States Natural Gas Fund (UNG) was down 5.4%.
Front-month US West Texas Intermediate crude oil was up 0.5% at $73.49 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to $76.10 per barrel, and natural gas futures were down 5.1% at $3.48 per 1 million British Thermal Units.
Constellation Energy (CEG) said Thursday that it has been awarded over $1 billion in contracts by the US General Services Administration, including a 10-year, $840 million deal, to supply power to more than 13 federal government agencies. The company's shares were up 2.6% pre-bell Friday.
Avista (AVA) said late Thursday its operating division Avista Utilities has submitted its 2025 Electric Integrated Resource Plan to Washington and Idaho regulators. Avista shares slid 0.6% in premarket activity Friday.
IDACORP (IDA) said Thursday that its Idaho Power unit will raise annual Idaho-jurisdictional retail revenue by $50.6 million, or 3.7%, effective Jan. 1, following an order issued by the Idaho Public Utilities Commission. IDACORP shares were down 0.3% pre-bell Friday.
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