09:19 AM EDT, 06/07/2024 (MT Newswires) -- Energy stocks were leaning lower pre-bell Friday, with the Energy Select Sector SPDR Fund ( XLE ) declining by 0.3%.

The United States Oil Fund ( USO ) was 0.1% higher and the United States Natural Gas Fund ( UNG ) was down 0.6%.

Front-month US West Texas Intermediate crude oil was up 0.3% at $75.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.2% to reach $80.04 per barrel, and natural gas futures were up 0.5% at $2.84 per 1 million British Thermal Units.

NGL Energy Partners ( NGL ) was more than 13% lower after it reported a wider fiscal Q4 loss as revenue declined during the period.

Energy Transfer ( ET ) said it priced concurrent offerings of $3.50 billion worth of senior notes and $400 million of fixed-to-fixed reset rate junior subordinated notes. Energy Transfer ( ET ) was down 0.3% pre-bell.

Patterson-UTI Energy ( PTEN ) said it had an average of 114 drilling rigs operating in the US in May. Patterson-UTI Energy ( PTEN ) was nearly 1% lower premarket.