09:20 AM EDT, 05/30/2025 (MT Newswires) -- Energy stocks were down premarket Friday as the Energy Select Sector SPDR Fund ( XLE ) was 0.7% lower recently.

The United States Oil Fund ( USO ) was down 0.2% and the United States Natural Gas Fund ( UNG ) was 0.1% higher.

Front-month US West Texas Intermediate crude oil was down 0.2% at $60.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.5% to $63.07 per barrel, and natural gas futures were 0.1% higher at $3.53 per 1 million British Thermal Units.

EOG Resources ( EOG ) shares were 2% lower after the company said it has reached a definitive agreement with Canada Pension Plan Investment Board and Encino Energy to acquire Encino Acquisition Partners for $5.6 billion, inclusive of the company's debt.

Civitas Resources ( CIVI ) shares were down more than 2% after the company priced an upsized offering of $750 million in 9.625% senior notes due 2033.

Sempra's ( SRE ) Infrastructure unit said the US Department of Energy issued a permit for the Port Arthur LNG phase 2 development project in Texas allowing the export up to 13.5 million metric tons of liquefied natural gas to countries without a free-trade agreement with the US. Sempra ( SRE ) shares were up 0.1% premarket.