09:26 AM EDT, 09/11/2025 (MT Newswires) -- Energy stocks were declining pre-bell Thursday, with The Energy Select Sector SPDR Fund ( XLE ) down 0.7%.

The United States Oil Fund ( USO ) was 2.1% lower and The United States Natural Gas Fund ( UNG ) was down 1%.

Front-month US West Texas Intermediate crude oil was 1.5% lower at $62.75 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.3% to reach $66.62 per barrel, and natural gas futures were down 1.1% at $3.00 per 1 million British Thermal Units.

Chevron ( CVX ) has submitted a bid to explore for natural gas in four offshore blocks in Greece, partnering with local energy firm HelleniQ Energy, Reuters reported, citing Greece's Energy Minister Stavros Papastavrou. Shares of Chevron ( CVX ) were 0.2% lower premarket.

Baker Hughes ( BKR ) said it has secured contracts from Turkish Petroleum and Turkish Petroleum Offshore Technology to supply subsea production and intelligent completion systems in Turkiye's strategic Sakarya Gas Field Phase 3. Baker Hughes ( BKR ) shares were down 0.9% pre-bell.