09:06 AM EST, 11/11/2024 (MT Newswires) -- Energy stocks were declining pre-bell Monday as the Energy Select Sector SPDR Fund (XLE) recently fell by 0.4%.

The United States Oil Fund (USO) was down 2.5% and the United States Natural Gas Fund (UNG) was 8.1% higher.

Front-month US West Texas Intermediate crude oil was 2.7% lower at $68.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2.4% to $72.07 per barrel, and natural gas futures were up 7.5% at $2.87 per 1 million British Thermal Units.

Chevron ( CVX ) has started the redeployment of personnel and the restoration of production at its Gulf Of Mexico platforms that were shut down due to Hurricane Rafael, Reuters reported, citing the company. Chevron ( CVX ) shares were 0.3% lower premarket.