09:04 AM EDT, 10/28/2024 (MT Newswires) -- Energy stocks were declining premarket Monday as the Energy Select Sector SPDR Fund (XLE) was 2.4% lower recently.

The United States Oil Fund (USO) was down 6.4% and the United States Natural Gas Fund (UNG) was 6.5% lower.

Front-month US West Texas Intermediate crude oil was 6.6% lower at $67.04 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 6.2% to $70.93 per barrel, and natural gas futures were down 6.8% at $2.88 per 1 million British Thermal Units.

Alliance Resource Partners ( ARLP ) shares fell by over 2% after the company reported lower Q3 earnings and revenue.