09:05 AM EST, 11/04/2025 (MT Newswires) -- Energy stocks were leaning lower premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) declining by 1%.

The United States Oil Fund (USO) was down 1.7% and the United States Natural Gas Fund (UNG) was 0.3% lower.

Front-month US West Texas Intermediate crude oil was down 1.5% at $60.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.3% to reach $65.02 per barrel, and natural gas futures were down 0.7% at $4.24 per 1 million British Thermal Units.

BP (BP) stock was up more than 1% after the company reported increases in Q3 underlying replacement cost profit and sales and other operating revenue.