09:24 AM EST, 11/12/2025 (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 2% and the United States Natural Gas Fund ( UNG ) was 0.4% higher.

Front-month US West Texas Intermediate crude oil was down 2% at $50.85 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.9% to reach $63.93 per barrel, and natural gas futures were 0.6% lower at $4.54 per 1 million British Thermal Units.

FLEX LNG ( FLNG ) stock was down more than 1% after the company reported lower Q3 adjusted earnings and vessel operating revenue.

Kodiak Gas Services ( KGS ) shares were down more than 1% after the company said Frontier TopCo Partnership has launched a secondary public offering of 10 million Kodiak Gas common shares.

Chevron ( CVX ) said Wednesday it expects earnings per share annual growth greater than 10% at $70 Brent as the company outlined its five-year plan through 2030. Chevron ( CVX ) shares were 0.2% lower pre-bell.