09:07 AM EST, 02/12/2025 (MT Newswires) -- Energy stocks fell premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) recently declining by 0.4%.

The United States Oil Fund (USO) was down 1.2% and the United States Natural Gas Fund (UNG) was 0.8% higher.

Front-month US West Texas Intermediate crude oil was down 1.1% at $72.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.9% to $76.28 per barrel, and natural gas futures were 0.1% lower at $3.51 per 1 million British Thermal Units.

TotalEnergies (TTE) said it has signed a 10-year agreement to supply 400,000 tons of liquefied natural gas to India's state-owned oil and gas company Gujarat State Petroleum starting next year. TotalEnergies shares were down 0.8% pre-bell.