09:09 AM EDT, 09/30/2025 (MT Newswires) -- Energy stocks were leaning lower premarket Tuesday, with the Energy Select Sector SPDR Fund (XLE) declining by 0.9%.

The United States Oil Fund (USO) was 1.2% lower and the United States Natural Gas Fund (UNG) was up 2.4%.

Front-month US West Texas Intermediate crude oil was 2.1% lower at $62.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.5% to $66.93 per barrel, and natural gas futures were up 2% at $3.33 per 1 million British Thermal Units.

Tamboran Resources ( TBN ) shares were up more than 13% after the company said it has entered a definitive agreement to acquire Falcon Oil & Gas for about 6.5 million common shares and $23.7 million in cash, valuing the company at about $172 million. Separately, Tamboran Resources ( TBN ) said the Beetaloo Joint Venture has made a final investment decision for the Shenandoah South pilot project.