09:02 AM EST, 01/14/2025 (MT Newswires) -- Energy stocks were leaning lower pre-bell Tuesday as the Energy Select Sector SPDR Fund (XLE) recently declined by 0.1%.

The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 3.4% lower.

Front-month US West Texas Intermediate crude oil was 0.6% lower at $76.82 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.7% to $80.43 per barrel. Natural gas futures were down 3.1% at $3.320 per 1 million British Thermal Units.

BP (BP) shares fell past 2% after the company said it expects "weaker" realized refining margins in Q4 to be between $100 million and $300 million and a higher "impact" from turnaround activity.