09:15 AM EST, 01/17/2025 (MT Newswires) -- Energy stocks were declining premarket Friday with the Energy Select Sector SPDR Fund ( XLE ) down 0.2% recently.

The United States Oil Fund ( USO ) was down 0.4% and the United States Natural Gas Fund ( UNG ) was 6.9% lower.

Front-month US West Texas Intermediate crude oil was 0.4% lower at $78.40 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $80.83 per barrel, and natural gas futures were down 4.8% at $4.06 per 1 million British Thermal Units.

Schlumberger ( SLB ) shares rose past 1% after the company reported higher Q4 adjusted earnings and revenue. The company also said its board raised the quarterly dividend by 3.6% to $0.285 per share.

Sasol ( SSL ) is planning to revitalize its international chemical business, including its $12.8 billion Lake Charles facility in Louisiana, as part of efforts to boost earnings and potentially set the stage for a future listing, Bloomberg reported, citing an interview with Chief Executive Simon Baloyi. Sasol ( SSL ) shares advanced by over 9% premarket.