09:05 AM EDT, 04/29/2025 (MT Newswires) -- Energy stocks declined premarket Tuesday as the Energy Select Sector SPDR Fund (XLE) fell by 0.8% recently.

The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 2.1% higher.

Front-month US West Texas Intermediate crude oil was down 1.7% at $61.00 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.8% to $63.65 per barrel, and natural gas futures were 1.3% higher at $3.38 per 1 million British Thermal Units.

BP (BP) shares fell by over 3% after the company reported lower Q1 underlying replacement cost profit and sales and other operating revenue.