09:09 AM EDT, 08/15/2025 (MT Newswires) -- Energy stocks were trading lower pre-bell Friday, with the Energy Select Sector SPDR Fund (XLE) easing slightly.

The United States Oil Fund (USO) was 1.3% lower and the United States Natural Gas Fund (UNG) was up 2.6%.

Front-month US West Texas Intermediate crude oil was 1.3% lower at $63.11 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.1% to $66.12 per barrel, and natural gas futures were up 2.7% at $2.92 per 1 million British Thermal Units.

Obsidian Energy ( OBE ) shares were down more than 2% after the company said it has closed its previously announced tender offer to buy up to $48.4 million of its outstanding 11.95% senior unsecured notes due July 2027 for cash. The offer was undersubscribed with only about $1.4 million principal amount of notes validly tendered by expiration on Aug. 12.