09:04 AM EST, 01/21/2025 (MT Newswires) -- Energy stocks were leaning lower premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) down 0.2%.

The United States Oil Fund (USO) was down 2.9% and the United States Natural Gas Fund (UNG) was 2.5% lower.

Front-month US West Texas Intermediate crude oil was 2.5% lower at $75.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.7% to reach $78.76 per barrel, and natural gas futures were down 3.5% at $3.81 per 1 million British Thermal Units.

Chevron ( CVX ) has expressed interest in an open exploration block managed by Greece's Hellenic Hydrocarbons and Energy Resources Management Company, multiple news outlets reported, citing the country's energy ministry. Chevron ( CVX ) shares were 0.3% lower pre-bell.