08:58 AM EDT, 07/22/2024 (MT Newswires) -- Energy stocks were declining premarket Monday with the Energy Select Sector SPDR Fund (XLE) down 0.4% recently.

The United States Oil Fund (USO) was 1% lower and the United States Natural Gas Fund (UNG) was up 4.3%.

Front-month US West Texas Intermediate crude oil was down 0.9% at $79.40 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.8% to $81.97 per barrel, and natural gas futures were up 4.4% at $2.22 per 1 million British Thermal Units.

Tellurian (TELL) rallied past 66% after saying it signed a definitive agreement to be acquired by Woodside Energy Group ( WDS ) for $1 per Tellurian share in an all-cash transaction of about $900 million.