09:04 AM EDT, 05/14/2025 (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% and the United States Natural Gas Fund (UNG) was 2.5% lower.

Front-month US West Texas Intermediate crude oil was down 1.1% at $62.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1% to $65.94 per barrel, and natural gas futures were 2.4% lower at $3.56 per 1 million British Thermal Units.

TotalEnergies (TTE) said it signed a deal under which Norwegian investment company HitecVision has agreed to purchase 50% of Polska Grupa Biogazowa for an enterprise value of 190 million euros ($211.7 million). Shares of TotalEnergies were down over 1% premarket.