09:26 AM EST, 01/22/2025 (MT Newswires) -- Energy stocks were declining pre-bell Wednesday, with The Energy Select Sector SPDR Fund ( XLE ) 0.4% lower.

The United States Oil Fund ( USO ) was down 0.6% and the United States Natural Gas Fund ( UNG ) was 0.5% higher.

Front-month US West Texas Intermediate crude oil was up 0.2% at $75.97 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.1% to reach $79.38 per barrel, and natural gas futures were down 0.3% at $3.75 per 1 million British Thermal Units.

Halliburton ( HAL ) shares were up 0.2% even after the company reported lower Q4 adjusted earnings and revenue.

Golar LNG (GLNG) said its floating liquified natural gas vessel Gimi has received feed gas from the BP (BP)-operated floating production storage and offloading project located offshore Mauritania and Senegal. BP shares were 0.2% higher premarket.