09:04 AM EDT, 06/24/2025 (MT Newswires) -- Energy stocks were declining premarket Tuesday with the Energy Select Sector SPDR Fund (XLE) down almost 1% recently.

The United States Oil Fund (USO) was down 2.7% and the United States Natural Gas Fund (UNG) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was down 3.9% at $65.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 4% to $68.65 per barrel, and natural gas futures were 0.8% lower at $3.67 per 1 million British Thermal Units.

Cheniere Energy (LNG) said its board has decided to proceed with the Corpus Christi midscale trains 8 and 9 debottlenecking project. Shares of Cheniere Energy were 0.2% higher pre-bell.