09:21 AM EDT, 05/20/2025 (MT Newswires) -- Energy stocks were declining pre-bell Tuesday, with The Energy Select Sector SPDR Fund ( XLE ) 0.1% lower.

The United States Oil Fund ( USO ) was down 0.1% and the United States Natural Gas Fund ( UNG ) was 3.7% higher.

Front-month US West Texas Intermediate crude oil was down 0.1% at $62.63 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.3% to reach $65.36 per barrel, and natural gas futures were 4% higher at $3.24 per 1 million British Thermal Units.

ProPetro Holding ( PUMP ) shares were up over 7% after the company said its PROPWR unit was awarded a 10-year contract to provide 80 megawatts of power generation capacity to an unnamed oil and gas exploration and production company.

Hess (HES) was accused by Continental Resources of using affiliated entities to inflate service fees and divert up to $69 million in revenue, Reuters reported, citing a federal lawsuit. Hess' stock was 0.3% higher pre-bell.

Talos Energy ( TALO ) said that Chief Accounting Officer Gregory Babcock has been named interim chief financial officer, effective June 28. Talos Energy ( TALO ) shares were up over 2% premarket.