09:19 AM EDT, 08/30/2024 (MT Newswires) -- Energy stocks were declining pre-bell Friday with the Energy Select Sector SPDR Fund ( XLE ) down 0.7% recently.

The United States Oil Fund ( USO ) was 2.5% lower and the United States Natural Gas Fund ( UNG ) was down 0.2%.

Front-month US West Texas Intermediate crude oil was down 2.7% at $73.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2.4% to $76.97 per barrel. Natural gas futures were up 0.2% at $2.141 per 1 million British Thermal Units.

Talos Energy ( TALO ) said President and Chief Executive Tim Duncan has stepped down and Joseph Mills has been named interim president and CEO until a successor is in place. Talos Energy ( TALO ) shares were down nearly 3% premarket.

Frontline ( FRO ) shares were up 0.6% after it reported a Q2 revenue of $556 million, compared with $512.8 million a year earlier.