09:04 AM EDT, 10/14/2024 (MT Newswires) -- Energy stocks were declining premarket Monday with the Energy Select Sector SPDR Fund (XLE) down 0.7% recently.

The United States Oil Fund (USO) was down 2.2% and the United States Natural Gas Fund (UNG) was 2.4% lower.

Front-month US West Texas Intermediate crude oil was 2.1% lower at $73.97 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2% to $77.50 per barrel, and natural gas futures were down 2.7% at $2.56 per 1 million British Thermal Units.

Kinder Morgan's ( KMI ) approvals and permits to allow its subsidiary to build a 32-mile gas pipeline in Tennessee were put on hold by a US appeals court amid pressure from environmental groups. Kinder Morgan ( KMI ) shares were 0.3% lower premarket.