09:05 AM EDT, 05/23/2025 (MT Newswires) -- Energy stocks were leaning lower pre-bell Friday, with The Energy Select Sector SPDR Fund (XLE) down 0.9%.

The United States Oil Fund (USO) was down 0.5% and The United States Natural Gas Fund (UNG) was 1.2% lower.

Front-month US West Texas Intermediate crude oil was down 1.2% at $60.48 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.1% to reach $63.73 per barrel, and natural gas futures were 0.7% lower at $3.23 per 1 million British Thermal Units.

Hallador Energy ( HNRG ) shares were down more than 15% after the company said a conversion transaction commitment agreement, effective Jan. 2, with a "leading global datacenter developer was being terminated by the counterparty."