09:22 AM EDT, 07/24/2026 (MT Newswires) -- Energy stocks were declining pre-bell Friday, with the State Street Energy Select Sector SPDR ETF ( XLE ) 0.3% lower.

The United States Oil Fund ( USO ) was down 1.7% and the United States Natural Gas Fund ( UNG ) was 1.9% higher.

Front-month US West Texas Intermediate crude oil was 2.4% lower at $89.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.8% to $97.83 per barrel, and natural gas futures were up 1.3% at $2.95 per 1 million British Thermal Units.

SLB (SLB) shares were up nearly 4% after the company reported Q2 adjusted earnings and revenue that topped analysts' estimates.

BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP stock was 0.3% lower premarket.

Ocean Power Technologies ( OPTT ) stock was 2% lower after the company said it acquired strategic subsea developmental technology assets from Columbia Power Technologies.