09:12 AM EDT, 09/29/2025 (MT Newswires) -- Energy stocks were easing lower premarket Monday, with the Energy Select Sector SPDR Fund (XLE) down 0.1% recently.

The United States Oil Fund (USO) was 1.4% lower and the United States Natural Gas Fund (UNG) was down 0.7%.

Front-month US West Texas Intermediate crude oil was 2% lower at $64.40 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.8% to $67.96 per barrel. Natural gas futures were down 0.9% at $3.177 per 1 million British Thermal Units.

Occidental Petroleum ( OXY ) is working with advisers to sell its OxyChem unit in a deal likely to be worth at least $10 billion, the Financial Times reported, citing two people familiar with the matter. Occidental Petroleum ( OXY ) shares were up nearly 2% pre-bell.