09:21 AM EDT, 04/04/2024 (MT Newswires) -- Energy stocks were declining premarket Thursday, with the Energy Select Sector SPDR Fund ( XLE ) down 0.3%.

The United States Oil Fund ( USO ) was 0.3% lower and the United States Natural Gas Fund ( UNG ) declined 0.2%.

Front-month US West Texas Intermediate crude oil was down 0.1% at $85.35 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil was 0.1% lower at $89.30 per barrel, and natural gas futures were up 0.4% at $1.85 per 1 million British Thermal Units.

Riley Exploration Permian ( REPX ) shares were down more than 15% after the company said it priced a public offering of 2.1 million common shares at $27 per share.

Exxon Mobil ( XOM ) stock was 0.5% lower after the company said late Wednesday it expects its Q1 operating results to be lower than Q4 due to reduced oil and gas prices.

SandRidge Energy ( SD ) said late Wednesday it appointed Dean Parrish as chief operating officer. The company's shares were down 0.8% in recent Thursday premarket activity.