09:06 AM EDT, 05/19/2025 (MT Newswires) -- Energy stocks leaned lower premarket Monday as the Energy Select Sector SPDR Fund (XLE) was down 0.4% recently.

The United States Oil Fund (USO) was up 0.1% and the United States Natural Gas Fund (UNG) was 3.7% lower.

Front-month US West Texas Intermediate crude oil was down 0.2% at $61.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.2% to $65.27 per barrel. Natural gas futures were 4.4% lower at $3.528 per 1 million British Thermal Units.

Sable Offshore ( SOC ) shares rose by nearly 20% after the company said it restarted production at the Santa Ynez Unit, with oil now flowing to Las Flores Canyon at about 6,000 barrels per day.